Yup, it is SFTP for both sending files (initiating payments) and receiving files (getting balances, confirmations, etc). This is how most programmatic money movement was happening under the hood at SVB (and many other banks for that matter).
I'm not surprised, I always wondered how that happened on the backed nowadays. I figured they had upgraded over the years and made it a little more streamlined. no wonder it still takes some time to move stuff around... I wonder how is the SFTP discovery / account process happen?
Modern Treasury | Software Engineers and Product Managers | SF, NY, or Remote (US only) | Full-Time | https://www.moderntreasury.com
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $133M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $133M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $133M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $133M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $133M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury is a payment operations platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $48M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API": https://news.ycombinator.com/item?id=28314623 We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
Modern Treasury | Software Engineers | SF, NY, or Remote (US only) | Full-Time | moderntreasury.com
Modern Treasury is a money movement platform for high growth fintech companies and marketplaces. We're used by companies like Gusto, Pipe, Marqeta, BlockFi, and ClassPass to help them move and manage money at scale. We do over $2B in payments monthly and are growing rapidly, with $48M in backing from YC, Benchmark, Altimeter, and angel investors like Paul Graham and Jessica Livingston.
You might have seen some of our content on HN, like "Adding Optimistic Locking to an API" last week: https://news.ycombinator.com/item?id=28314623
We work on fun, hard problems like this that help the most innovative companies in the world grow faster.
We just started using Mozart at Modern Treasury (S18), and have been really happy so far. We didn't want to spend a ton of time setting up data tooling, so we liked that we could use Mozart to get up and running really fast. All we've had to do is write our transforms, and things like snapshotting, scheduling, etc are taken care of for us. Pete, Dan, and team have been really responsive to our questions and good partners. At first I was a bit skeptical and we were just going to do Snowflake+Fivetran ourselves. But after talking to some of their larger customers, I was convinced that (a) it would save us time and (b) it could scale with us.
Thanks Matt, Modern Treasury is an ideal customer. They have all the chops to build the right data stack, but they’re laser focused on their core business. Great to be working together.
I stumbled across collections.Counter during last year's Advent of Code, and promptly kicked myself for the number of times I'd implmeented that by hand.
