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This is the sort of thing American banks just can't do at scale. Which is probably a good thing, to be honest.
by KirinDave 10y ago
This is the sort of thing American banks just can't do at scale.
Which is probably a good thing, to be honest.
- mcherm 10y agoDon't bet on that.
- KirinDave 10y agoI mean, I did and I got a lot of money from betting on that. I'm post exit on precisely that bet, and were I not so incredibly tired of fintech I'd bet again. Many national American banks are toxically opposed to actual modernization, for a variety of reasons. Their classical "enterprise" beliefs on security put all the banks I've talked to well behind the curve. But also, I want to avoid a scenario where the US is a principle innovator in technology and also in finance.
- mcherm 10y ago> Many national American banks are toxically opposed to actual modernization, for a variety of reasons. That is true of many, but not of all. I work for a US bank of national scope that IS working hard to achieve actual modernization.
- KirinDave 10y agoI'm almost certain I know who you work for, and if I'm right I'm contractually obligated to end the conversation here. Good luck.
- Tharkun 10y agoNot entirely sure why you were downvoted. American banks are pretty horrible from a technology point of view. I've dealt with a couple of US banks, and they're still very much stuck in the "paper cheque"-era, with no desire to do anything about it.
- david-cako 10y agosee: that article from a few weeks ago chronicling that guy's 10 year journey exposing a serious bug in his bank's website where no CSRF is implemented. spoiler: it still exists, and their solution was to have him sign his soul away and shut up about it. one day (!!!)