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“Banclist.com is probably the most lucrative direct messaging platform”

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Re: “Banclist.com is probably the most lucrative direct messaging platform”

#31

Post by wmil »

hirundo wrote: post #6

> Thus BancList (spelling absolutely intentional, because even the K is regulated and I am absolutely not joking about that fact). No, he's not joking. Even the font size is regulated. I ran into that as an employee of a commodities trader. I'm not sure if the choice of font is regulated but it wouldn't be surprising.

A bit of a tangent, but in Canada "financial advisers" are regulated and required to act in the customers interests. So naturally banks will connect you to "financial advisors" (unregulated) to buy products.

https://www.cbc.ca/news/business/marketplace-watchdog-advise...

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#32

Post by Quenty »

soulofmischief wrote: post #18
peterkshultz wrote: post #12

Earlier quoted context omitted.

"...in the United States, the commerce departments of state governments generally prohibit or restrict the use of certain words in the names of corporations unless those corporations are legitimate chartered banks. For example, words prohibited by the state of Louisiana include bank, banker, banking, savings, safe deposit, trust, trustee, and credit union" [1]. [1]: https://en.wikipedia.org/wiki/Banq_(term)

Thanks for the info! Seems like a bit of a silly regulation given that major banks themselves are able to circumvent it in order to shed liability.

But at least unregistered banks can’t name their company “Trust Bank” or something.

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#33

Post by eridius »

saagarjha wrote: post #26
eridius wrote: post #23

Earlier quoted context omitted.

What about BancList indicates that the field is over-regulated

The fact that it's called "BancList"?

That just indicates that it's regulated. Where's the "over" part?

Personally, it sounds like a rather good idea to have regulation over who's allowed to use the word "bank", given the assumptions that the general public will make about anything with "bank" in the name.

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#34

Post by adw »

FabHK wrote: post #21
scarejunba wrote: post #5

Earlier quoted context omitted.

Their sole innovation over that is that they realized neutrality and being a third party is valuable because of regulation. Haha, this is pretty clever.

Similarly, there is a business computing custom indices that a bank uses in products. The bank is perfectly capable of computing the index itself, but it needs to be handled by a third party that is paid handsomely to just re-calculate what the bank already calculated.

One example of that is Markit Group, which had revenue of $1.5bn/yr when it merged with IHS in 2016 at an implied valuation of roughly $5.5bn. Best London startup of the last 25 years, including DeepMind, not close.

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

Being a trusted third party is frequently an amazing business, if you can earn or negotiate your way there.

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#35

Post by boybd »

driverdan wrote: post #30

> Apache/2.4.6 (CentOS) OpenSSL/1.0.1e-fips mod_fcgid/2.3.9 PHP/5.4.16 mod_python/3.5.0- Python/2.7.5 Eek! I wouldn't trust them with my data if I was a bank. They haven't updated their server since 2013. All of the versions listed in that header have major vulns. This is a disaster waiting to happen.

https://banclist.com/?=PHPB8B5F2A0-3C92-11d3-A3A9-4C7B08C100...

Heh, no joke :P

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#36

Post by rolltiide »

arianestrasse wrote: post #4

That website looks like an affiliate marketing cash grab site from the early 2000s. I know that I should probably do some proper research but it was so off-putting that I'm just going to give up right away and call it a waste of time and/or a scam.

> That website looks like an affiliate marketing cash grab site from the early 2000s

it also doesn't matter when a user engagement ponzi scheme isn't how you plan to cash out of your company

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#37

Post by hirundo »

ForHackernews wrote: post #13

Are there any effective strategies for searching out profitable parasitic niches like this? Looking around the corners of big heavily regulated industries? Healthcare, real estate, finance?

> ... profitable _symbiotic_ niches ...

Fixed it for you.

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#38

Post by [deleted] »

boybd wrote: post #35
driverdan wrote: post #30

> Apache/2.4.6 (CentOS) OpenSSL/1.0.1e-fips mod_fcgid/2.3.9 PHP/5.4.16 mod_python/3.5.0- Python/2.7.5 Eek! I wouldn't trust them with my data if I was a bank. They haven't updated their server since 2013. All of the versions listed in that header have major vulns. This is a disaster waiting to happen.

https://banclist.com/?=PHPB8B5F2A0-3C92-11d3-A3A9-4C7B08C100... Heh, no joke :P

[deleted]

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#39

Post by etcet »

driverdan wrote: post #30

> Apache/2.4.6 (CentOS) OpenSSL/1.0.1e-fips mod_fcgid/2.3.9 PHP/5.4.16 mod_python/3.5.0- Python/2.7.5 Eek! I wouldn't trust them with my data if I was a bank. They haven't updated their server since 2013. All of the versions listed in that header have major vulns. This is a disaster waiting to happen.

Most, if not all, of those versions are the latest provided by CentOS 7. They backport security patches, see https://access.redhat.com/security/updates/backporting

Re: “Banclist.com is probably the most lucrative direct messaging platform”

#40

Post by djsumdog »

scarejunba wrote: post #5
Trombone12 wrote: post #3

Earlier quoted context omitted.

To me the scope seems rather narrow, and the technical requirements about on par with a mailing list.

Their sole innovation over that is that they realized neutrality and being a third party is valuable because of regulation. Haha, this is pretty clever.

For this to work, don't they have to be the exclusive means of getting stock information for a bank? So everyone who owns bank stock in a bank that uses banclist must agree to use it to get all shareholder disclosure information?
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