Open Future Blog by Syone

As businesses face an increasingly competitive international ecosystem, with an abundance of new players coming in every year, one powerful strategy that’s been gaining traction is the integration of Open Source Software (OSS) with Tailored Software Development.

By combining the flexibility of open-source solutions with custom software, companies can unlock new opportunities for growth, scalability, competitive advantage and differentiation.

With financial institutions having to adapt to new regulatory frameworks, like the European Banking Authority (EBA) guidelines for outsourcing within the financial sector, the topic has gained traction as more and more financial institutions opt for it, especially in the Nordic region, which covers countries such as Sweden, Finland, Norway, and Denmark.

In this blog post, we’ll explore the meaning of EBA outsourcing, its importance, and how financial companies can comply with such guidelines to be compliant and efficient in their operations.

 Ready-made software solutions won’t always meet the unique needs of your growing business. As companies evolve, their software also needs to adapt. That’s where custom software development comes into play. Tailored specifically to the business’s processes, challenges and goals, custom software helps organizations scale efficiently and react fast to their challenges while maintaining a competitive edge. 

In this guide, we’ll explore four key reasons why custom software development is essential for business growth and how it can help your company stay competitive. 

In today’s companies, most IT teams are responsible for monitoring systems and all other infrastructure and tools that keep the company's digital side running.

This increases pressure and generally leads to overwork, which means these teams can’t focus on improving their company’s systems, which would increase their productivity. Instead, they’re forced to focus mostly on solving more immediate issues, negatively impacting the business when something goes wrong. 

Read on to learn how to stop wasting resources and transform your IT management today.

Ask a colleague about their vacations, and they will probably greet you with an empathic: “Short!" Time flies when you're having fun.

That's a typical conversation between colleagues after returning from vacation. You're living on a permanent Sunday, and suddenly, Monday slaps you in the face. You need to switch from waking up to sunlight on your face to the sound of an alarm clock (the worst sound ever, in my opinion).

You must trade cocktails and ice creams for coffee on the office balcony and your flip-flops and jams for traffic jams. It’s a lot to handle, and these feelings are more common than you think.