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Show HN: Slackbot for founders to track their startup's finances

swayfinance.com

31–36 of 36 posts

Re: Show HN: Slackbot for founders to track their startup's finances

#31
post #28

There are a ton of Slack apps popping up. Are they typically side projects? Or on the VC / startup path? (This is not a dig at Slack apps, just curious whether people see a big market here)

It is probably because of the $80M fund (http://slackhq.com/post/134878632730/launch-platform) Slack set up for developing apps on their platform.

Re: Show HN: Slackbot for founders to track their startup's finances

#33
Is this a US thing? Getting programmatic access to my UK bank accounts is still a nightmare. I must use a manual download process involving two factor auth each time.

A company exists that scrapes the bank sites of all major banks but obv cannot defeat two factor auth so for my accounts package I used to give them my username and then have to enter the two factor each time anyway.

I conclude its too dangerous to give other companies my RW login details

Basically programmatic access to my accounts - forget it. Differentiated access (RO, RW, fine grained), don't make me laugh.

Is this just UK? Is there a better bank Inshoukd move to?

Re: Show HN: Slackbot for founders to track their startup's finances

#34
post #19

This is potentially enormously sensitive data that'd be very valuable to competitors etc. I'd want to see a much more extensive privacy policy than the current state of https://www.swayfinance.com/privacy , particularly as it's a free service in need of an eventual business model.

Great point about the privacy policy. It's important to us to make it clear that we're not misusing the information. Thanks for the feedback!

Another thing you need to be clear about is that data is permanently removed when a user closes the account. "Your photos might stick around for years after you click delete" works for Facebook, but not for you.

Re: Show HN: Slackbot for founders to track their startup's finances

#35

This is potentially enormously sensitive data that'd be very valuable to competitors etc. I'd want to see a much more extensive privacy policy than the current state of https://www.swayfinance.com/privacy , particularly as it's a free service in need of an eventual business model.

And to add to that the real issue is that Slack stores data unencrypted on their servers. This would be handing your financial data over to a third party to old in an unsecured format. Yikes.

Do you have a source for

  "Slack stores data unencrypted on their servers" ?

Re: Show HN: Slackbot for founders to track their startup's finances

#36

This is potentially enormously sensitive data that'd be very valuable to competitors etc. I'd want to see a much more extensive privacy policy than the current state of https://www.swayfinance.com/privacy , particularly as it's a free service in need of an eventual business model.

I'm not terribly keen on providing my actual login to my bank. Ie, adding Betterment asks me for my user/pass Betterment user login (they don't offer 2 factor) - something anyone could then use to login and manage my money there.

I see you're using plaid underneath to connect; so giving some assurance that plaid is handling the data flow and sway will not be storing usernames/passwords would be nice (if that is true).

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