Re:Griffin - A fully-regulated, API-driven bank, with Clojure
by harel on Tuesday August 29, 2023 @07:18PM
(#37315479)
Further more, banks that were bailed out signed a deal to actively help those smaller banks by transitioning clients to them. I know that because my bank offered me a few times to the point of nagging to switch my business accounts from them to one of the smaller ones. They offered to pay me a sum of a few thousand pounds to do that. I declined at the time due to me liking my bank and appreciating one app for all my business and personal accounts. When I pushed why are they willing to pay me large sums to leave them, the told me the above.
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Re:Griffin - A fully-regulated, API-driven bank, with Clojure
by seabass-labrax on Tuesday August 29, 2023 @07:29PM
(#37315565)
I learnt about this situation, as it happens, from the founder of Griffin, so was particularly interested in this blog post. It seems like the initial excitement of developing a banking system in Clojure might have transitioned to more bread-and-butter aspects of banking now, but immutable data is an ideal match for their mandatory audit trails.
I have to admit that I wouldn't mind being paid a large sum to switch to Griffin, but then again, my current provider is one of the more responsible ones which didn't have to be bailed out in the crisis :)