I had over twenty years of experience in Banking, which I spent at two institutions - which was really different.
I also had the chance to use over thirty different banks, Fintechs, and Web3 company's services.
People tend to say there is no new thing under the sun. However, I argue with that, as if I were constantly challenging the norm.
Now I know what I did wrong in the past - I got lost in the problems of the past instead of focusing entirely on something new!
From a user experience perspective, everything I see now is the same for all Banks!
They provide all the questionable services without any real pressure to change, as most customers tend to accept the services they provide instead of changing.
With this focus on the past, nothing is changing. However, Banks spend a tremendous amount of money to keep these services running instead of taking a white paper and drawing something exceptional.
That's why I chose the image of a Ferrari - an exceptional art piece!
Banks spend thousands of these car's prices on their services. They have an inflow to finance the waits on their big services, which takes decades of patching.
I was also part of these processes, and now, after a few months of break, I can see how things can be done differently!
I started to build my platform, "Moneta Platform," - to collect all my best practices, which I had been thinking about in the past decades but never had the time to build!
I decided to finance these efforts on my own - to show what could be done - if you can challenge the status quo!
I have created a blueprint for a digital bank that can run on such a platform.
While the platform is like a Swiss army knife and can serve several types of business, I chose Banking and Finance, as that's where I have most of my insights.
I'm documenting my daily work so that if anybody is interested, they can follow how the platform is built.
In contrast to the large financial institutions I work alone for now - I can still show progress in my developments, and I have already made some breakthroughs that make my approach unique:
Secure architecture by design following the Zero Trust principles
Privacy enforcing architecture, which protects the customers from tech companies
Multi-language: I cannot talk enough about giving access to finance services - even if language is a barrier. The platform translates the UI elements and the language-dependent business data.
It's real-time! None of the platforms has such a degree of real-time operation.
Once the platform is ready, I will make it accessible for a test - everybody can experience the difference.
I'm designing the UI and the backend part, which can act as a CORE, like the monolith CBS systems of the Banks, but in a different way.
Even the core is real-time. In this sense, no day/month/year is closing. It happens seamlessly in real-time.
The architecture is distributed, so it will always be on after turning on - all upgrades happening online - daytime. No more outages because of the night work of the tech team!
Stay tuned! Follow the updates on the project page: