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Thanks for the details and the thoughts. It is a difficult industry, obviously. I think we're fortunate that we're starting as a wrapper around existing exposed

by zt 13y ago

Thanks for the details and the thoughts. It is a difficult industry, obviously. I think we're fortunate that we're starting as a wrapper around existing exposed endpoints (for example SFTP endpoints for ACH flat-files). Core processing obviously needs innovative competition and we hope to get there if it's necessary (I've heard Palantir is considering getting in to that business as well). SOAP interfaces are exactly what we're trying to get rid of. ISO8583 is likely here to stay though, despite it's problems.

kirinan 13y ago
I can really see why people would want to keep ISO8583, and I can see why it was a good option at the time, but its dated and it shows a lot. I agree with your approach, if I didn't love my current job, I'd apply at Standard Treasury because its a good move. Baby steps into the industry with open interfaces and practices, people will catch on. The thing is, I think the power shift needs to go back to the banks from the vendors. If you can manage that convince them thats the way it should be, you'll win the market.