Linux is taking its first steps towards widespread adoption for the mission-critical activities of financial institutions. First Mortgage, a subsidiary of Hungary’s first online discount savings association, EuroDirekt National Savings, is deploying Sanchez’s core processing systems on the Linux operating system.
“The open source power of Linux has the potential to enable banking institutions, such as First Mortgage, to gain significant system operating advantages, including cost savings, performance and a new level of flexibility,” said Michael Haney, senior analyst at Boston-based Celent Communications.
