nothing like having dynamic types manage your money
Griffin – A fully-regulated, API-driven bank, with Clojure
21–30 of 223 posts
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#22Unfortunately in the UK a bank can (and do) freeze your account with no reason for up to 2 years without any recourse or access to funds. With API access you risk your money being frozen due to automatic fraud detection. The government have given up policing of finance to banks and they take the least risky options
And in the US they got civil forfiture: https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United... > To get back the seized property, owners must prove it was not involved in criminal activity. Some cases: https://ij.org/report/policing-for-profit-2/grading-state-fe... https://prosperityeconomics.org/stolen-savings-civil-forfeit...
> In 2015, Eric Holder ended the policy of "adoptive forfeiture", which occurred "when a state or local law enforcement agency seizes property pursuant to state law and requests that a federal agency take the seized asset and forfeit it under federal law" due to abuse.[21] Although states proceeded to curtail the powers of police to seize assets, actions by the Justice Department in July 2017 have sought to reinstate police seizure powers that simultaneously raise funding for federal agencies and local law enforcement.[22]
basically Obama got rid of it then Trump put it back then Biden didn't anything
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#23nothing like having dynamic types manage your money
While I also love to take part in cargo cults, you should probably fit some good blinders on before looking over at Nubank’s stack.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#24Unfortunately in the UK a bank can (and do) freeze your account with no reason for up to 2 years without any recourse or access to funds. With API access you risk your money being frozen due to automatic fraud detection. The government have given up policing of finance to banks and they take the least risky options
And in the US they got civil forfiture: https://en.wikipedia.org/wiki/Civil_forfeiture_in_the_United... > To get back the seized property, owners must prove it was not involved in criminal activity. Some cases: https://ij.org/report/policing-for-profit-2/grading-state-fe... https://prosperityeconomics.org/stolen-savings-civil-forfeit...
Your first link says the IRS stopped doing forfeiture of bank accounts 9 years ago.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#25Why are these API banks always in the UK? I've been waiting to do my banking using curl for years and no one has made it available in the US.
UK has government mandated API requirements for banks. In the USA it's left to the "free market" which in practice means having to trust unreliable 3rd parties like Yodlee or Plaid.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#26Despite the unpopularity here. I am still a fan of cryptocurrency as an alternative to traditional banking.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#27Unfortunately in the UK a bank can (and do) freeze your account with no reason for up to 2 years without any recourse or access to funds. With API access you risk your money being frozen due to automatic fraud detection. The government have given up policing of finance to banks and they take the least risky options
These "challenger" banks are a gimmick. Friend of mine recently tried to set up an account for his new business and all "challengers" refused a business account, they were slow to respond and disinterested in helping. Eventually he set up with a high street bank, but the whole thing took over a month, which is ridiculous.
That's surprising. Starling opened a business account for me in less than 3 days. This was back in 2018 though.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#28Despite the unpopularity here. I am still a fan of cryptocurrency as an alternative to traditional banking.
Cryptocurrency is also even better than Clojure at being auditable as everything is on-chain all the time.
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#29It's pretty cool to see that the two founders wrote a book together: "Learning ClojureScript"
https://www.packtpub.com/product/learning-clojurescript/9781...
Re: Griffin – A fully-regulated, API-driven bank, with Clojure
#30Why are these API banks always in the UK? I've been waiting to do my banking using curl for years and no one has made it available in the US.
Does anyone know why this is the case in Australia too? Is there a regulatory reason or is it just a matter of market size?