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I have just left a fintech company after 5 years and I can say after reading this, it looks legit to me (not AI slop as someone asked). These are the same sort
by cirrhosis 3mo ago
I have just left a fintech company after 5 years and I can say after reading this, it looks legit to me (not AI slop as someone asked). These are the same sort of lessons I learned during my time in the industry.
I would recommend anyone starting in fintech to take some time to understand accounting principles and the ledger in a bit more depth than just debits vs credits - this is likely what is most unfamiliar to programmers.
Also financial software is very data-heavy and I learned more about databases in my time working in fintech than the 15 years before that. I think going into a bit more detail about even the basics (indexes) will save a lot of headaches.
- sdevonoes 3mo ago> I would recommend anyone starting in fintech to take some time to understand accounting principles and the ledger in a bit more depth than just debits vs credits Any good resources you would recommend to learn more about this?
- cirrhosis 3mo agoI've seen a few attempts at "accounting for programmers" guides, some of which I came across while browsing HN (if you search you'll find plenty). The one I used to send new developers was one such guide[1]. They also have another on building a ledger[2]. These are a good start and I wish I could recommend a proper textbook that goes into more detail - detail that I wish I had known early on - but I learned mostly as I went along. [1] https://www.moderntreasury.com/journal/accounting-for-developers-part-i https://www.moderntreasury.com/journal/accounting-for-develo... [2] https://www.moderntreasury.com/journal/how-to-scale-a-ledger-part-i https://www.moderntreasury.com/journal/how-to-scale-a-ledger...
- FabHK 3mo agoTFA, in Appendix A: Resources, lists many.
- bayarearefugee 3mo ago> I would recommend anyone starting in fintech to take some time to understand accounting principles and the ledger in a bit more depth than just debits vs credits Probably good advice (for everyone in fintech, not just programmers) considering the absolute disaster that happened at Synapse. Kind of wild nobody has gone to jail for that.
- emiraga 3mo agois there any technical article that describes shortfalls and mistakes made in Synapse? I am curious as I had a bit of money in Yotta.