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A comment on Griffin - A fully-regulated, API-driven bank, with Clojure. Parent comment

Re:Griffin - A fully-regulated, API-driven bank, with Clojure by orra on Tuesday August 29, 2023 @06:13PM (#37314832)
> Why are these API banks always in the UK?

I can think of 835 million reasons: https://www.reuters.com/article/eu-rbs-britain/corrected-uk-...

Plus, Open Banking and Faster Payments (which were EU initiatives before Brexit) maybe helped.

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Re:Griffin - A fully-regulated, API-driven bank, with Clojure by blibble on Tuesday August 29, 2023 @06:36PM (#37315048)
faster payments had nothing to do with the EU

"open" banking did (and accordingly you have to be a large company to participate at all)

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Re:Griffin - A fully-regulated, API-driven bank, with Clojure by j16sdiz on Tuesday August 29, 2023 @09:29PM (#37316537)
Instant interbank transfer is basically everywhere[1] - China, India, Korea, Singapore, Malaysia, Indonesia, etc...

[1] https://www.imf.org/-/media/Files/Publications/WP/2022/Engli...

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Re:Griffin - A fully-regulated, API-driven bank, with Clojure by sumek83 on Wednesday August 30, 2023 @03:24AM (#37318730)
https://en.wikipedia.org/wiki/Single_Euro_Payments_Area
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Re:Griffin - A fully-regulated, API-driven bank, with Clojure by blibble on Wednesday August 30, 2023 @04:38AM (#37319189)
yes, the EU launched a separate instant payment scheme a decade later

doesn't mean the EU had anything to do with the UK's domestic faster payments scheme

(SEPA is also euro only)

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Re:Griffin - A fully-regulated, API-driven bank, with Clojure by orra on Wednesday August 30, 2023 @01:57PM (#37326165)
I was thinking of PSD (the original one), but it turns out that only required end of next business day settlement.
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