BANK AGENTS

“I think AI agents are going to be ruthless negotiators. I think they're going to pit every fintech and banking against each other. They're going to open accounts at multiple. They're going to say, hey, this fintech offered me this percent. I'm going to churn instantly if you give me the same amount contractually. So we'll have to deal with that.”

“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.”

“We had customers who were spinning up their local cloud environments to create dashboards. They wanted to view everything. They wanted to use our API, feed in all the data from their bank account, their for their company and create internal dashboards, create alerts internally, basically flag code in their own command and control center for the office of the CFO. So that was really interesting. They weren't really interested in our dashboard. They wanted to fine tune it locally. And we had nontechnical CFOs spinning that up.”

“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.”

“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.'”

“There's this sweet spot and there's this like danger zone of if you started four years ago and you're not in fintech, for example, you're just a pure software company four years ago, and you don't have the partnership with a bank, you don't have your own licensing, you don't have something that requires humans basically sooner than the company where that four years was necessary. You're in deep shit from my perspective because all you have is a legacy infrastructure. Legacy process is probably hundreds of people, And now you're competing with people who can set up a AI first infrastructure.”

“I'm generally very bearish on banks' abilities to attract deposits absent a really good fintech partner or absent lending. It seems to me that lending is like the last kind of salvo for a lot of these banks that are going after series B companies or large companies just offering a line of credit, basically. That's tried and true. People will crawl over glass for when you extend risk to them. But the ability to just attract deposits without that, that comes from a tech experience. That comes from ground game. That comes from distribution.”

“Right now, the human is a harness, so to speak. They're like a safety measure as we're just the early days of this tech. But in the long run, it's pretty obvious to me as a bug, not a feature for a human to be involved in any of these monotonous terrible things. Like, banking, who cares? Right? Back office, who cares? It's something people don't wanna deal with, so why would they?”

“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.”

“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.”

“So what we just launched with the first fintech to offer bank accounts for AI agents. The first fintech in history. This is a moment just like back in the day where people thought it was crazy to open a bank account from their mobile phone. That was unheard of. It was like, I could just walk to the branch next door. Who needs this? Oh, it might be unsafe to do it from my phone. We became the first to allow an AI agent. So your favorite LLM, be it Claude, Gemini, Chad GPT, to open an actual bank account for you.”

“We went heavy with the cloud 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. So even though our branding is cloud oriented, it's agnostic. And, yeah, I'd be terrified to just be a pure software company right now. And this is a crazy world we're entering.”

“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.”

“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.”

“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.”

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

“You never want to be too long certain administration, especially in The US, there tends to be like a ping pong dynamic that goes back and forth. So you never want to be totally contingent on one party being in power or something like that. So it's important to do things right regardless such that you have a compounding business. And in either case, we tend to stay away from this only works in this environment, this only works in that environment situation.”

“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.”

“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.'”