The Bankwatch

Tracking the consumer evolution of financial services

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

March 6, 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

    March 7, 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.


    March 7, 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.


    March 8, 2007 at 23:55

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