Regulatory change, 3rd party API changes, new financial products (often arising out of the regulatory changes) all require ongoing development.
Plus I don't know about you, but my bank's website and app are a hot mess. In theory I suppose they could be feature complete, but in reality, nope.
So, just visiting Earth, or are you here to stay? :)
I've worked for banks and while there's certainly plenty of unwarranted churn the notion that they're done and the dev team can go home is ... hilarious.
Edit: addressing your comment in an adjacent thread, a box to keep your money in (or, canonically, a sock under the mattress) does not need to offer/support:
- Debit cards
- Credit bureaus. Yes, even if it's just a deposit account and no, this isn't optional.
- Know Your Customer (KYC) regulations
- Anti Money Laundering (AML) checks
That's before you get into other account types, offering credit, currency conversions and the zillion other things that sock doesn't have to do.
Plus I don't know about you, but my bank's website and app are a hot mess. In theory I suppose they could be feature complete, but in reality, nope.
So, just visiting Earth, or are you here to stay? :)
I've worked for banks and while there's certainly plenty of unwarranted churn the notion that they're done and the dev team can go home is ... hilarious.
Edit: addressing your comment in an adjacent thread, a box to keep your money in (or, canonically, a sock under the mattress) does not need to offer/support:
- Debit cards
- Credit bureaus. Yes, even if it's just a deposit account and no, this isn't optional.
- Know Your Customer (KYC) regulations
- Anti Money Laundering (AML) checks
That's before you get into other account types, offering credit, currency conversions and the zillion other things that sock doesn't have to do.