Banking Technology is in Dire Need of Standartization and Openness

A few weeks ago Investors Bank in New Jersey overhauled their systems. As a result Mint became incompatible with Investors and Investors customers could no longer view their account in Mint.┬áThere is anecdotal evidence1 that Mint uses the Yodlee platform2 for the integration. As it turns out, there is no standard mechanism by which external applications can work with banks. Yodlee’s own page states: Through … Continue reading Banking Technology is in Dire Need of Standartization and Openness

Thoughts on Wall Street Technology

Last week I went on vacation and missed the news that a software error at a major market maker caused almost half a billion dollar worth of trading errors, which required a rescue by a group of investors. Mainstream media is quick to point out that high frequency trading should be more regulated, but as a software engineer I find that this has more to … Continue reading Thoughts on Wall Street Technology