Brandon Arvanaghi (Meow) on Banking AI Agents (EP.715)

“We became the first to allow an AI agent—so your favorite LLM, be it Claude, Gemini, or ChatGPT—to open an actual bank account for you. This is opening up a ton of doors because indie hackers want no friction. They want to be able to spin up a business, open a bank account, and accept payments all in one prompt.”

“Logical conclusion is people are not going to be logging into banking websites. They're going to have their AI personal assistant, the same one that does the hair appointment for them, get their partner a gift. It'll also say, 'Hey, you received a bill for this much in your email, they applied the 20% discount they promised, and I've already scheduled it to be paid in ten days.'”

“Our engineers are not really writing code by hand as much anymore, if at all. They're reviewing code by hand and have agents to help them. We've invested a lot in our infrastructure to make it AI friendly, allowing code to be written, reviewed, and automatically triaged if there's an alert. It is absolutely bananas what's happened in the past year and a half.”

“Fintech is only three to five percent of the market for financial services, and we've been talking for a long time about how banks are going to have to wisen up because startups are coming to eat their lunch. But the rate of that flip now with agents opening bank accounts is making traditional banking look like primitive technology. The next two to three years will be unlike anything we've seen.”

“We went heavy with the Claude branding because they seem to be the far and away winner right now, especially for businesses, but we built it to be agnostic behind the scenes. You're exactly right; even though our branding is currently Claude-oriented, it is agnostic. I would be terrified to just be a pure software company right now.”