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I went to a Deutsche Bank Hackathon last year in Berlin where they announced opening up their apis. https://developer.db.com/ https://developer.db.com/ They to
by kayoone 9y ago
I went to a Deutsche Bank Hackathon last year in Berlin where they announced opening up their apis. https://developer.db.com/ https://developer.db.com/
They touted it as being innovative and open but in the end all Banks are required to open up when PSD2 comes into effect next year. Seeing this release, maybe they have honest intentions for being more open, but it being Deutsche i still have my doubts.
- cm2187 9y agoIsn't PSD2 for retail banking / deposit accounts? This API I believe is an Investment Banking product.
- rjzzleep 9y agoI used to walk around other countries bragging about German online banking, given that we have a standard that has been iterated upon (HBCI/FinTS) over decades and you can pretty use any online banking software with any bank. A few years have passed since then and most germans banks are still the same. Meanwhile you get instant wire transfers in a few countries. When I think Deutsche Bank and innovation, I think of my phone calls with Deutsche Bank about disappearing money and them telling me that I shouldn't be surprised if the online banking doesn't actually reflect my real balance and 3 day same country wire transfers. A friend of mine has a consulting company that claims that theyre trying to change their internal structures though. I think of shitty support and paper faxes because of "security". The latter might actually be a prevalent problem in german society though. I work in Gvt. Healthcare. They've been spending 1 year trying to define an API for activating the new healthcare smartcards. It has 3 API calls, it's not done yet, and it's SOAP only. And then the leadership has been trying to get government support to mandate by law the forced usage of their crappy APIs. Germany is a digital dinosaur, no matter how much these old tycoons come to the bay area with their newly appointed chief of innovations for a week they won't get it, because they never had to compete on anything to get it. User experience is a completely foreign concept to them.
- Quarrelsome 9y agoSOAP in 2017? Yikes. Design by committee?
- dmitriid 9y agoSOAP is bleeding edge in banks. Many still pull and push files to/from (S)FTP
- hyperdunc 9y agoYes, but surely it's possible to jump straight to REST or beyond.
- dmitriid 9y agoIf you're willing to invest a gazillion dollars: - re-implementing all the processes at the receiving bank - re-implementing all the processes at the sending bank
- lucozade 9y agoOf course it's possible. I mean, arbitrarily picking whatever happens to be a popular comms protocol, with no regard to its functional validity, was how they got to SOAP in the first place. Probably the only thing stopping them will be the byzantine budgetary processes that quasi civil services have.
- nurettin 9y agoI've done integrations with the SAP systems of a few companies. They all had problems with calling SOAP and preferred integrating through SFTP. Apparently SAP programmers have a problem using SOAP or any other sane endpoint.
- deleted 9y ago[deleted]
- robert_foss 9y agoHaving just moved to Germany the obsession with physical paperwork for various reasons is somewhat astounding.