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A change of address led to our Wise accounts being shut down

(shaun.nz)
325 points jemmyw | 4 comments | 30 Oct 25 22:41 UTC | HN request time: 0.631s | source
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htrp ◴[30 Oct 25 23:21 UTC] No.45766593[source]▶
It feels like particularly in finance, that startups who disrupt traditional players do so without a full understanding of all the corner cases and none of the regulatory accountability which is why those traditional finance players were so expensive in the first place.
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1. mjcl ◴[31 Oct 25 00:02 UTC] No.45766906[source]▶
Not even corner cases. I worked for a fintech that launched a dda-ish product that had 16 digit account numbers, issued sequentially, with no check digits. At launch there didn't seem to be a CS process for dealing with pretty obvious "customer mistyped account number and sent their money to some else's account." problem.
replies(1): >>45768004 #
2. dboreham ◴[31 Oct 25 03:18 UTC] No.45768004[source]▶
Feature parity with blockchains.
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3. solarwindy ◴[31 Oct 25 15:14 UTC] No.45772954[source]▶
Uh, no, most crypto wallet addresses have either a checksum or some other means of typo detection / prevention.
4. mjcl ◴[01 Nov 25 02:59 UTC] No.45778905[source]▶
Not even, in cases where the company couldn't recover funds from misdirected payments they ate the loss. Though obviously I think that's a good thing.