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A comment on Ask HN: How can I start my own bank? (Let's redesign banks).

Re:Ask HN: How can I start my own bank? (Let's redesign banks) by jokull on Wednesday January 13, 2010 @10:09AM (#1050224)
Banks in Iceland (yeah laugh away) are quite high tech. You get a text message when your card is used online, you can create accounts and move your funds around online. Transfers between accounts within Iceland are all instant (huge DB2 database run on an interbank computer).
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Re:Ask HN: How can I start my own bank? (Let's redesign banks) by modoc on Wednesday January 13, 2010 @11:07AM (#1050363)
As an aside: I was in Iceland shortly after the bank crisis, and it was REALLY weird to walk by large banks downtown on a Monday afternoon and see them all closed.
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