The Bankwatch

Tracking the evolution of financial institutions

Rethink from Unspace

I wanted to introduce this new blog from Unspace, a Ruby on Rails shop in Toronto, that are probably one of the best in North America.

They happen to be working [disclosure] on a project I am involved in (more very, very soon) and I am genuinely impressed with their approach and work.

I’ve said it before.  I would love to see someone rebuild online banking in Rails.  The cost, and development timeline is exponentially different than C++, and the result is something designed for the web.

 

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Written by Colin Henderson

Tuesday, 6 March 2007 at 20:28

Posted in Uncategorized

3 Responses

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  1. I’d agree with you that I’d like to see Internet Banking created in Rails but that’s mainly b/c I’m a Rails fan. The bigger issue is to create it in Rails because of the agility and speed you’ll have with it.

    I wouldn’t just want a ‘Rails representation’ of online banking but would want someone to get out of standard online banking platforms and do it in a new way. And I agree that Rails would be a good framework to do that in.

    Brad Garland

    Wednesday, 7 March 2007 at 16:19

  2. It is all well and good to build an internet banking platform in a new technology. But would such a technology have the security necessary to keep consumers feeling secure?

    Maybe consumers like the clunky slow interfaces we have today because they ‘feel’ safe.

    Anthony

    Wednesday, 7 March 2007 at 18:39

  3. @Brad/@Anthony … great points. What impresses me with Rails is the way that framework is is fast and flexible as Brad says, but also its scalability. I see no reason security would be different. Finally the openness of the built in API’s should make it easier to link with host systems and existing web services.

    Colin

    Thursday, 8 March 2007 at 23:55


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