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Show HN: Lannister – open-source wealth manager app

lannister.capital

51–60 of 61 posts

Re: Show HN: Lannister – open-source wealth manager app

#51
post #24

Earlier quoted context omitted.

Looks nice. How does this app authenticate with your various financial accounts?

It stores your credentials locally. The whole situation should improve with PSD2 (EU perspective).

My understanding of PSD2 was that it allows third party services to access bank records of customers who authorise them, not allowing customers themselves access to the API. As a result I assumed PSD2 wasn’t helpful for a totally local application. Am I misunderstanding that?

Re: Show HN: Lannister – open-source wealth manager app

#53
post #16

Game of Thrones spoiler ahead: I am not wild about that name. The Lannisters are the bad guys throughout the run of the GoT story and by later seasons it is revealed that their wealth has mostly wasted away. They are only able to keep up appearances of wealth through taking on large amounts of debt and by looting their enemies. Yes, the single primary characteristic you would assign to the Lannisters is wealth. I am…

I understand your point. Our goal was to name it after a person, like "Alfred" the productivity app for Mac ( https://www.alfredapp.com ), but we found that Lannister would be more appropriate as a reference to wealth management. Hope it does not lead you into thinking about the secondary traits.

Maybe the "Iron Bank" or "Master of Coin" would be more appropriate than this..

Re: Show HN: Lannister – open-source wealth manager app

#54
post #24

Earlier quoted context omitted.

It stores your credentials locally. The whole situation should improve with PSD2 (EU perspective).

Give a closed source app my bank credentials? No thanks.

How real is the risk of a registered and legit business selling a banking app taking your banking credentials and stealing your money? I’d estimate it to be 0.

Re: Show HN: Lannister – open-source wealth manager app

#55
post #54

Earlier quoted context omitted.

Give a closed source app my bank credentials? No thanks.

How real is the risk of a registered and legit business selling a banking app taking your banking credentials and stealing your money? I’d estimate it to be 0.

They’re extremely juicy target for hacking though.

Re: Show HN: Lannister – open-source wealth manager app

#56
post #55
post #54

Earlier quoted context omitted.

How real is the risk of a registered and legit business selling a banking app taking your banking credentials and stealing your money? I’d estimate it to be 0.

They’re extremely juicy target for hacking though.

It stores the data locally, so first you have to break into the system, then the encrypted container of the app. If someone does that then you are probably a pretty high value target and have different problems.

An open source, non audited app, that’s not even compiled yourself (iOS app) isn’t much different than that.

Re: Show HN: Lannister – open-source wealth manager app

#57

Umm I am not sure if I am missing something, but where is the self hosted or source code I can compile for myself?

There seems to be a github link at the bottom of the page.

I couldn't see it from Chrome on my Android Galaxy S10+. Thanks!

Re: Show HN: Lannister – open-source wealth manager app

#58
I've thought about building something similar to this for the US, but getting the data into the app is a difficult problem. What is the general opinion on using a device like Plaid?

Alternatively, I could support manual import of statements, but that would dramatically reduce the number of institutions that I could support.

Re: Show HN: Lannister – open-source wealth manager app

#59
post #20

Interesting. I personally use https://outbankapp.com/en/ . The app is closed-source; everything is locally stored. It allows me to track my bank accounts, including portfolios, etc. from most German and Dutch banks, credit cards, etc.. Additionally it can track BTC, ETH wallets, connect to Coinbase and a few other exchanges and membership programs. I would never use a wealth management app requiring manual entry. Tha…

Another caveat of that app, even though the website hides it pretty far in the T&C, is that it appears to be owned by "Verivox GmbH" : https://de.m.wikipedia.org/wiki/Verivox

Translated to English the Wikipedia page says: "Verivox is a company that compares tariffs for telecom, electricity, gas, insurance, finance, vehicles, and commission-free real estate and brokers contracts for these services"

So they're using consumers to do their jobs, which probably harms consumers in long run by preventing a healthy competition amongst those services.

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