Open-source News

How Project Lura is Improving APIs

The Linux Foundation - Fri, 04/29/2022 - 20:20

APIs (Application Programming Interfaces) provide exponential growth opportunities for what the web and its data and applications can do for us. Since APIs allow for sharing of data between applications, doors open to what is possible as the strengths of disparate systems are combined into a new one. 

While we live in an API-driven world, it can be difficult and burdensome to connect and maintain systems via an API. Reducing those barriers opens even more doors and lets people like me, who have more ideas than skills, try things out. Enter API gateways to help ease the burden. 

But not all API gateways are created equal. The Lura Project, formerly the KrakenD open source project, is a framework for building API gateways that goes beyond simple reverse proxy, functioning as a stateless, distributed, high-performance aggregator for many microservices. It is also a declarative tool (tell it what you need rather than how to do it) for creating endpoints. Albert Lombarte, the executive director of The Lura Project and the CEO of KrakenD, elaborates, “An API gateway framework is a tool that is between the clients, the consumers of an API, and the backend services, which actually have the data that the users want to consume. So an API gateway is a product that makes possible things like security, where rate-limiting, authorization, load balancing, all of that happens without needing to implement that in the backend part.”

KrakenD was created six years ago as a library for engineers to create fast and reliable API gateways and has since been in production among some of the world’s largest Internet businesses. In order to keep up with the demand from the community, in 2021 KrakenD decided to host the project at The Linux Foundation. Lombarte said, “By being hosted at the Linux Foundation, the Lura Project will extend the legacy of the KrakenD open source framework and be better poised to support its massive adoption among more than one million servers every month. The Foundation’s open governance model will accelerate development and community support for this amazing success.”

To learn more about the project, watch Albert’s interview with Swapnil Bhartiya of TFiR and go to the project’s website. Then, join the community. You can help create better tools so we can utilize APIs for even more than we can imagine today. 


The post How Project Lura is Improving APIs appeared first on Linux Foundation.

The Future of Banking is Open

The Linux Foundation - Fri, 04/29/2022 - 19:31

This article is written by Kris Sharma, Financial Services Sector Lead, Canonical and originally appeared on the FINOS blog

The banking sector is facing rapid and irreversible changes across technology, customer behaviour, and regulation. While customers are demanding ever higher levels of service and value and regulations are impacting business models and economics, technology can be a potent enabler of both customer experience and effective operations.

The banking industry will look radically different in the near future as new banking models will bring a lot of product and service innovation. There is a new wave of digital-only banks across the globe challenging traditional banking players. The digital-only banks are tightening the competitive landscape and the competition would create the impetus for banks to do more with technology and provide better customer services. In this quickly shifting landscape, financial institutions of all shapes and sizes need to find every possible way to respond and compete. This is where technology and innovation matters – having an open and flexible technology architecture driving business agility.

Open source technologies and open innovation have the potential to level the playing field and accelerate the pace of digital business transformation enabling financial institutions to get products and services to market faster and help solve the challenges facing the financial services industry.

Open Source is Everywhere

A recent report by The Linux Foundation and The Lab for Innovation Science at Harvard highlights that open source constitutes 80% of any given piece of modern software. In the last few years, financial institutions have already been leveraging open source across a broad spectrum, from its use in back-end technologies to regulator mandated Open Banking in the UK and PSD2 in Europe. The massive compute landscape, data storage and processing capabilities of financial institutions, and the trading infrastructure is largely run on open source Linux platforms. By plugging-in open source technology solutions, financial institutions are able to free up valuable resources to focus efforts on integration and create business value.

Open Source Drives Innovation and Delivers Business Value

The real draw of open source in financial services is the ability to explore and innovate with new technologies, to easily scale the solutions that deliver real competitive advantage and to reduce the overall cost of managing vast IT infrastructures through the use of common, best-of-breed open source technologies.

Open source platforms can be likened to working or playing with building blocks because developers are uninhibited by design constraints – they are free to innovate and develop new business value and differentiation for enterprise applications. The flexibility and adaptability is unmatched by any proprietary platform.

Open source often provides the foundational technology, including languages, libraries, and database technologies that lays a rich foundation to quickly develop enterprise applications. Financial institutions can maintain cost-effectiveness while tapping into the expertise of the open-source user community.  Open source communities fuel the developer velocity and developers have a lot of access to tools through APIs and services.

Financial institutions are under pressure to increase business flexibility and the velocity of innovation with the same or fewer resources. Open source technologies are paving the way for financial services software development towards a future in which service offerings and applications can be rapidly constructed by assembling and integrating a wide variety of technical building blocks. By adding additional proprietary capabilities and functionality, banks can differentiate their offerings and drive consumer benefits.

FINOS and the Future of Open

The Fintech Open Source Foundation, which includes members and contributions from the financial services industry, develops open source software, standards and special interest groups whilst providing an independent setting to deliver solutions that address common banking challenges and drive innovation within the regulated industry.

Banks, fintechs and technology companies, at the forefront of the financial services industry and engineering in banking, are making long-term commitments to open source by collaborating within the foundation as FINOS members and uniting with a shared goal of “shaping the future of open source in financial services.”

Open source projects that have been contributed to FINOS by foundation member banks include Legend by Goldman Sachs, Morphir by Morgan Stanley, Perspective by JPMorgan Chase, and Waltz by Deutsche Bank. FINOS open source projects can be used directly from the FINOS GitHub Organisation and solve real world banking problems ranging from financial objects modeling through Legend to the mapping out internal banking systems through Waltz.

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About the Author

Srikrishna ‘Kris’ Sharma is the Financial Services Sector Lead at Canonical. Over the last two decades, Kris has held various leadership positions at management consulting firms providing advisory services to Fortune 100 and FTSE 100 clients. As a trusted C-level advisor and Business- Technology Leader, Kris partners with organisations across industry sectors on open source and business transformation strategies and builds innovative solutions by leveraging open source. Kris focuses on creating strong ecosystem partnerships and sees himself as a change agent with a passion for transformation, open source product strategy and innovation.

The post The Future of Banking is Open appeared first on Linux Foundation.

AMD EPYC Performance Over The Past Six Years Of Ubuntu Linux LTS Releases

Phoronix - Fri, 04/29/2022 - 19:00
As part of my many different benchmarks being carried out due to the new Ubuntu 22.04 LTS "Jammy Jellyfish" release, I was curious to do a broader Linux server performance look over the past several long-term support releases of Ubuntu Linux. For making this happen I used an AMD EPYC 7601 2P as the original EPYC "Naples" server platform that can go as far back as Ubuntu 16.04 LTS for software compatibility and then seeing how it has evolved with the 18.04, 20.04, and now 22.04 operating system updates.

Mesa Can Now Be Built With Select Video Codecs Disabled For Software Patent Concerns

Phoronix - Fri, 04/29/2022 - 17:18
A change merged to Mesa 22.2 on Thursday adds a Meson build option for being able to optionally control the video codecs supported by Mesa for its video encoding/decoding paths...

Rust-Written Redox OS 0.7 Released With New Bootloader, RedoxFS Goes CoW

Phoronix - Fri, 04/29/2022 - 16:59
Redox OS 0.6 released back for Christmas 2020 while it has now finally been succeeded by Redox OS 0.7 for this Rust-written open-source operating system...

LLNL's Kripke Ported To AMD HIP With More HPC Software Seeing Radeon/Instinct Support

Phoronix - Fri, 04/29/2022 - 16:39
Lawrence Livermore National Laboratory now has their Kripke software ported to running on AMD's HIP for GPU acceleration...

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