DIGITAL BANKING EU27
Digital Transformation in European Banking: Risks, Opportunities, and the Role of Open Source Software Digital Transformation in European Banking: Risks, Opportunities, and the Role of Open Source Software May 12, 2025 The use of open source software in the European banking sector is gaining traction as a means to strengthen technological sovereignty, cybersecurity, and operational efficiency. This article examines the benefits, risks, and alternatives for resilient and autonomous banking in Europe. 1. Strategic European Context The European Commission promotes initiatives like Digital Europe and NextGenerationEU, which foster the adoption of open, sustainable technologies. Institutions such as the European Central Bank (ECB) and the European Banking Authority (EBA) are exploring interoperable standards for fintech, payments, and cybersecurity. 2. Advantages of Open Source in Banking Transparency and security: A...