Yoma Bank Announces the Latest OpenChain Conformant Program

By March 5, 2020Featured, News

The OpenChain Project is delighted to highlight that Yoma Bank is the latest organization to have a publicly announced OpenChain conformant program. Yoma Bank joins many other companies from a diverse range of market sectors collaborating to make open source compliance faster, more effective and more efficient.

Founded in 1993, Yoma Bank is Myanmar’s most progressive domestic bank. It offers savings products, a wide range of loans and business solutions to individuals, SMEs and local corporate clients to fund their business operations in Myanmar.  With over 25 years of being responsible bank, Yoma Bank has been consistently making significant investments in strategic priorities- people, technology and corporate governance. Yoma Bank stands in the top 5 banks in Myanmar by assets with 3000+ employees and 80+ branches across the country. 

“Yoma Bank is a natural fit for OpenChain conformance,” says Shane Coughlan, OpenChain General Manager. “Their commitment to quality, to ethical banking, and to innovation will be familiar to every company working in the open source community. We look forward to using this opportunity to build out more relationships in Myanmar and beyond.”

More About Yoma Bank

Yoma Bank strives to fulfill its mission to “Build a better Myanmar for its people” financing the needs of Myanmar families and businesses. All the operations led by the Bank are centered around its core values such as Customer, Integrity, Respect, Teamwork and Innovation. Yoma Bank has also established strong partnership with both local and international organisations leveraging strategic advantages in its services. For more information, please visit www.yomabank.com.

About the OpenChain Project

The OpenChain Project builds trust in open source by making open source license compliance simpler and more consistent. The OpenChain Specification defines a core set of requirements every quality compliance program must satisfy. The OpenChain Curriculum provides the educational foundation for open source processes and solutions, whilst meeting a key requirement of the OpenChain Specification. OpenChain Conformance allows organizations to display their adherence to these requirements. The result is that open source license compliance becomes more predictable, understandable, and efficient for participants of the software supply chain.

About The Linux Foundation

The Linux Foundation is the organization of choice for the world’s top developers and companies to build ecosystems that accelerate open technology development and industry adoption. Together with the worldwide open source community, it is solving the hardest technology problems by creating the largest shared technology investment in history. Founded in 2000, The Linux Foundation today provides tools, training and events to scale any open source project, which together deliver an economic impact not achievable by any one company. More information can be found at www.linuxfoundation.org.

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