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Wasn’t YC company Standard Treasury trying to help banks become more API accessible? If the banks have an API an offering, I can see how a standard would need t
by dpflan 8y ago
Wasn’t YC company Standard Treasury trying to help banks become more API accessible? If the banks have an API an offering, I can see how a standard would need to exist to support the primary use cases (auth, balance, transaction), and perhaps Plaid is showing what they could look like (reducing the complexity of interfacing disparate banks’ approaches to managing bank data). [NB: if there is a standard or info I am clearly not knowledgeable of based upon this comment, please educate me!]
- colinloretz 8y agoThat was the goal but they were acquihired by Silicon Valley Bank. https://www.svb.com/news/company-news/api-banking-startup-standard-treasury-joins-silicon-valley-bank/ https://www.svb.com/news/company-news/api-banking-startup-st...
- kbyatnal 8y agoAnd then they left SVB to try again https://treasuryprime.com https://treasuryprime.com
- dpflan 8y agoWow. Thanks for the update. From TP"s site: """ We're the team behind Standard Treasury and the Silicon Valley Bank API Banking Platform which forms the backend for Stripe Atlas - we're the experts in this space. """
- docker_up 8y agoInteresting, how is this different from Standard Treasury?
- jimbru 8y agoHeyo, cofounder of Treasury Prime here. The main differences are how we're working with banks. Back then we sold only to large banks, plus banks weren't yet comfortable using cloud services, meaning everything had to be built on-premise (very silly). Now we sell into all sizes of bank because we're able to operate with a SaaS model. Likewise for developers that means we can move much faster and there's a much better chance we'll be able to find a bank that's a good fit for you. If you're interested in using the API, email me and say hi: hello@treasuryprime.com