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

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

#121

Post by refset »

devgoth wrote: post #107
ano88888 wrote: post #100

which is a better or more productive language? Clojure or Elixir for web development?

I would argue that Elixir is due to Phoenix being a "batteries included" web framework....but as always: use the right tool for the job.

Not disagreeing, and it's only one aspect of Phoenix, but it might be of interest to someone reading that this LiveView-like Clojure library exists: https://github.com/tatut/ripley

Also this is a neat list of LiveView-like technologies across various languages: https://github.com/liveviews/liveviews

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

#122

Post by harel »

seabass-labrax wrote: post #67
harel wrote: post #63

Earlier quoted context omitted.

Further more, banks that were bailed out signed a deal to actively help those smaller banks by transitioning clients to them. I know that because my bank offered me a few times to the point of nagging to switch my business accounts from them to one of the smaller ones. They offered to pay me a sum of a few thousand pounds to do that. I declined at the time due to me liking my bank and appreciating one app for all my…

I learnt about this situation, as it happens, from the founder of Griffin, so was particularly interested in this blog post. It seems like the initial excitement of developing a banking system in Clojure might have transitioned to more bread-and-butter aspects of banking now, but immutable data is an ideal match for their mandatory audit trails. I have to admit that I wouldn't mind being paid a large sum to switch to…

There are benefits to being with irresponsible banks :-)

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

#123

Post by 8fingerlouie »

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…

> 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 almost 5 years.

I think most of those things are EU initiatives, which the UK was a member of at the time.

At least we have all of them in Denmark as well.

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

#124

Post by mrkeen »

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…

> Now you go to the adult bookstore's website and don't have to give them your name

And they don't have to give you your book.

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

#125

Post by refset »

dsco wrote: post #28
xyst wrote: post #26

Despite 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.

If you're looking for something novel that combines crypto and ~Clojure, look no further: https://convex.world/

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

#126

Post by dgb23 »

dataangel wrote: post #21

nothing like having dynamic types manage your money

Clojure you can express arbitrary data constraints and pre/post conditions (design by contract), with spec or malli.

Clojure is also strongly typed, has (optional) type hints, which are understood by linting during dev time and helps the compiler to avoid reflection and boxing.

It’s a very robust language that people use for critical stuff.

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

#127

Post by AnthonyMouse »

mrkeen wrote: post #124
AnthonyMouse wrote: post #77

Earlier quoted context omitted.

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…

> Now you go to the adult bookstore's website and don't have to give them your name And they don't have to give you your book.

But they want to give you your book, because they want your money.

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

#128

Post by BillyTheKing »

weird-eye-issue wrote: post #115

"We kind of joke that we’re a tech company that happens to have a banking license." This is one of those quotes that can look really bad in hindsight if something goes wrong

yea one of the things I've learned at Fintechs - all that Cobol code banks run on.. yes it's from the past and hard to maintain but it contains quite a bit of invaluable knowledge that you're bound to relearn if you rebuild.. And relearning in banking can be very expensive

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

#129

Post by sumek83 »

blibble wrote: post #47
orra wrote: post #34

Earlier quoted context omitted.

> Why are these API banks always in the UK? I can think of 835 million reasons: https://www.reuters.com/article/eu-rbs-britain/corrected-uk-... Plus, Open Banking and Faster Payments (which were EU initiatives before Brexit) maybe helped.

faster payments had nothing to do with the EU "open" banking did (and accordingly you have to be a large company to participate at all)

https://en.wikipedia.org/wiki/Single_Euro_Payments_Area

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

#130

Post by mrkeen »

AnthonyMouse wrote: post #127
mrkeen wrote: post #124

Earlier quoted context omitted.

> Now you go to the adult bookstore's website and don't have to give them your name And they don't have to give you your book.

But they want to give you your book, because they want your money.

Step 1: You give them your money.

From the seller's perspective, there's no need to bother with step 2.

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