News for hackers. Stuff that matters.

A comment on UK's Open Banking to Launch on 13 January. Parent comment

Re:UK's Open Banking to Launch on 13 January by dreamfactored on Saturday January 13, 2018 @04:09PM (#16141425)
> you can, like, use software that other people write on your own computer

Sounds like your issue boils down to whether this is done with SaaS vs local app

[ Parent | on HN ]
Re:UK's Open Banking to Launch on 13 January by zAy0LfpBZLC8mAC on Saturday January 13, 2018 @04:19PM (#16141470)
Sort of? So?

Though, mind you that "local app" is not the only way to run software. I could also install software on my home server to, I dunno, send me XMPP messages for incoming transactions, dunno whether you would call that a "local app"?

[ Parent | on HN ]
Re:UK's Open Banking to Launch on 13 January by dreamfactored on Saturday January 13, 2018 @04:28PM (#16141515)
The objection to software you manage is the same as the objection to software you write - that you won't have the checks, balances, and liabilities of registered suppliers and this would create uninsurable risk that the banking ecosystem can't be expected to bear.
[ Parent | on HN ]
Re:UK's Open Banking to Launch on 13 January by zAy0LfpBZLC8mAC on Saturday January 13, 2018 @04:53PM (#16141638)
So, web banking does not exist?
[ Parent | on HN ]