The easiest way to think about an open data architecture is that it’s the opposite of a vendor-locked-in, closed-system environment. A system designed with open data architectural principles supports ...

An open architecture financial services industry is a significant shift from the operating model of the previous generation of financial services.

In such “open models,” as they are often referred to, the architecture, weights, parameters and other algorithmic specifics may be publicly available while source code may be kept proprietary.

There are other developments in the generative AI space beyond the open- vs. closed-source conundrum. Kumarasamy has noticed in several sectors, including banking, a recent uptick in interest around ...