Scotiabank puts code on Github

Canada's Scotiabank is embracing the open source developer community, posting the first of what should be many software releases to Github.

  17 3 comments

Scotiabank puts code on Github

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

As first reported by IT World Canada, the open source effort is being driven by Scotiabank's Platform Organisation (Plato) unit, a product development platform.

Plato has shared Initializer, a module which is part of a larger tool, called Accelerator Pipeline, which brings together code and other resources for software development. More libraries and APIs will follow.

Justin Arbuckle, SVP, Plato, Scotiabank, tells IT World that connecting a bank which is nearly 200 years old with a host of new technology is a "tough engineering problem". The Github dump is designed "to attract the best developers in the world" to help solve it.

The move is a first for a Canadian bank, although Deutsche Bank recently put code that helps firms gather information about their IT estate from multiple sources on Github.

Sponsored [Impact Study] 2024 Fraud Trends in Banking, Insurance, and Beyond

Related Company

Keywords

Comments: (3)

A Finextra member 

A good initiative by Scotiabank.

Separately, I do wonder how many banks - or indeed fintechs - might already find some of 'their' code on Github, courtesy of either developers on the payroll or contractors.

H Wobbe

H Wobbe President & CEO at DataFix

An interesting development indeed.  Quite innovative for a Canadian bank, especially given their dependance on "legacy" systems.

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

In his book Flash Boys, Michael Lewis gives an example of an American investment bank that downloaded open source code related to algo trading, modified it inhouse, but didn't submit the modified code back to the open source foundation. Would be interesting to know if the code uploaded by Scotia Bank to GitHub is developed from scratch by Scotia Bank or is of the nature of modified code mentioned in Flash Boys.

[Webinar] PREDICT 2025: The Future of AI in the USFinextra Promoted[Webinar] PREDICT 2025: The Future of AI in the US