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Griffin – A fully-regulated, API-driven bank, with Clojure

juxt.pro

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Re: Griffin – A fully-regulated, API-driven bank, with Clojure

#101

Post by elyobo »

AnthonyMouse wrote: post #77
jokoon wrote: post #35

Earlier quoted context omitted.

Unless finance institutions and laws can protect wallets and insure crypto, I will never use it. Currency is not just a number you move around, currency is deeply intertwined with how civilization works, and it requires a high amount of trust for people to use it. Trust is rather a social concept that something you can really prove mathematically. It's collective trust. Unless you can DRASTICALLY reduce mis-use with…

I don't understand why this would be a serious impediment. Suppose you go to an online exchange or Bitcoin ATM or local man with a crypto wallet, you hand over five $10 bills or transfer some money from your bank account, you get $50 in cryptocurrency. Now you go to the adult bookstore's website and don't have to give them your name, you send $20 to your friend in a foreign country so she can get a cab to the airport…

$15 to transfer $20 to another country, the US really is a another world sometimes. Transfers are often free to cheap - substantially lower than the costs for transferring crypto in most cases.

Re: Griffin – A fully-regulated, API-driven bank, with Clojure

#102

Post by waffletower »

tacker2000 wrote: post #84
seabass-labrax wrote: post #65

Earlier quoted context omitted.

That catchline makes a lot more sense when you consider that JUXT is the most prominent company specialising in Clojure aside from Nubank itself, and have their logo at the foot of pretty much any conference remotely touching on Clojure topics. Clojure has a fairly insular community that overlaps with other lisps more than it does something more popular such as Python or PHP, so the cliché (admittedly, one with some…

yawn I’ve seen a few other projects around here that boasted about using clojure because “we are the smartest and clojure is best and everything else is dogshit” Doesnt make your insular group look inviting or synpathetic at all to be honest…

I get it. I am a Clojurist that works for a fairly sizable company where Clojure is dominant (there actually are many, not just JUXT, you could also name Walmart). But I get annoyed when people substitute "we are the smartest and Rust is best and everything else is excrement" or especially "Typescript is best..." rofl

Re: Griffin – A fully-regulated, API-driven bank, with Clojure

#104

Post by waffletower »

gremlinsinc wrote: post #38

I absolutely hate when an articles starts out with: > IN A STARTUP, YOU SHOULD BE USING THE MOST POWERFUL LANGUAGE YOU CAN, AND THAT IS CLOJURE. says you. one opinion. in a startup you should use the language that your team can build and launch your MVP the fastest so you can get your first customers or funding. Hell, this could be a low code or no-code platform(probably not in fintech, just saying with startups in g…

Python is very powerful indeed, especially in 2023. But for some reason I orchestrate my LLMs and diffusion models using Clojure. I also prefer to tame LLM output using Clojure. I still definitely write Python where it makes perfect sense.

Re: Griffin – A fully-regulated, API-driven bank, with Clojure

#106

Post by BurningFrog »

avianlyric wrote: post #43
teamspirit wrote: post #3

Why 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.

U.S. banking is surprisingly far behind the curve, and hasn’t led the world from a tech or innovation perspective for many decades. The UK on the other hand has actively encouraged new banks and new tech. It’s had things like instant, free, payments between personal accounts for almost two decades. Contactless transactions for at least a decade, mobile banking for decades, and government mandated banking API for almo…

US banks are very tightly regulated, and the regulators haven't ordered these inventions yet.

Re: Griffin – A fully-regulated, API-driven bank, with Clojure

#108

Post by ghayes »

ensignavenger wrote: post #97
ctdean wrote: post #9

Earlier quoted context omitted.

Getting a new banking charter in the US is hard, but it's straightforward to be a challenger bank in the UK. Jarvis moved (back) to London from SF to start Griffin. The banks in the US that have APIs tend to focus on large fintech partnerships, so even simple APIs will be expensive compared to a regular bank account. Grasshopper Bank in the US (for example) is one of the few that will do APIs on top of regular commer…

I see new banks popping up all the time in the US. I would enjoy seeing a comparison of the process in the US vs the UK.

Do you mean Neobanks that generally attach to existing banks through partnerships? The OCC nearly stopped granting de novo banking charters since 2008: https://crsreports.congress.gov/product/pdf/R/R47014 (see Figure 1 on page 21)
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