Root partners with Standard Bank South Africa to offer programmable bank account • Hacker News Board

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#11

Post by malanj » Fri, Apr 07, 2017, 8:51 AM UTC

EtienneK wrote: post #9

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

Fellow South African here. How do I get in on the closed beta?

You can sign up to the waiting list at https://root.co.za/ We'll be sending more details to people on that list soon.

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#12

Post by malanj » Fri, Apr 07, 2017, 8:51 AM UTC

klaasvakie wrote: post #10

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

Fellow saffer here. I signed up for your beta yesterday and I am quite excited, I think this has the potential to become an absolutely amazing product. As a developer, do you plan on having a market/app store where I can sell my "apps" to other root users?

Yes, it's definitely part of the plan. As you can imagine there are a few interesting security challenges etc to solve, but we're working hard on it.

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#13

Post by ozim » Fri, Apr 07, 2017, 9:08 AM UTC

ksahin wrote: post #4

bkkssnn wrote: post #3

Earlier quoted context omitted.

It's called Psd2, strugling to find a good article about it but TLDR; Banks has to have an open api for payments and to check account statuses.

" Banks has to have an open api" are you sure about that ? I thought there was some criteria to be able to use these APIs

Yes but account owner or user will be able to give permission for access to his banking data. So you will be able to use your fav accounting app to fetch data directly from account without doing csv export or hacking something around.

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#14

Post by [deleted] » Fri, Apr 07, 2017, 9:15 AM UTC

malanj wrote: post #8

bkkssnn wrote: post #3

Earlier quoted context omitted.

It's called Psd2, strugling to find a good article about it but TLDR; Banks has to have an open api for payments and to check account statuses.

It's generally a "read only" view, i.e. you can get account info etc. Root is a "write" API. So you can actually create and modify transactions.

[deleted]

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#15

Post by beaconstudios » Fri, Apr 07, 2017, 9:21 AM UTC

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

hey, this sounds like a really interesting service! I have a question - why did you choose to go for hosted JavaScript instead of an API/webhooks combination?

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#16

Post by spookyuser » Fri, Apr 07, 2017, 9:37 AM UTC

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

I also signed up. I'm pretty excited to try it out. Would you be able to use root as a fully fledged bank account? Or is it not really meant for that?

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#17

Post by daniel-levin » Fri, Apr 07, 2017, 9:40 AM UTC

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

This is great. I will definitely be using this soon. How long will it be before I can accept payments?

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#18

Post by louwhopley » Fri, Apr 07, 2017, 9:47 AM UTC

beaconstudios wrote: post #15

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

hey, this sounds like a really interesting service! I have a question - why did you choose to go for hosted JavaScript instead of an API/webhooks combination?

Hey beaconstudios, (other co-founder here), both are available. The hosted JS is to easily/quickly prototype small solutions without spinning up a separate server. We have webhooks for transactions and RESTful APIs as well :)

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#19

Post by malanj » Fri, Apr 07, 2017, 9:48 AM UTC

daniel-levin wrote: post #17

malanj wrote: post #5

Founder here - let me know if you have any questions! More details at https://root.co.za/

This is great. I will definitely be using this soon. How long will it be before I can accept payments?

The account supports EFT payments already

Re: Root partners with Standard Bank South Africa to offer programmable bank account

#20

Post by beaconstudios » Fri, Apr 07, 2017, 9:57 AM UTC

louwhopley wrote: post #18

beaconstudios wrote: post #15

Earlier quoted context omitted.

hey, this sounds like a really interesting service! I have a question - why did you choose to go for hosted JavaScript instead of an API/webhooks combination?

Hey beaconstudios, (other co-founder here), both are available. The hosted JS is to easily/quickly prototype small solutions without spinning up a separate server. We have webhooks for transactions and RESTful APIs as well :)

oh, brilliant!