At Kroo we’re on our way to becoming a licensed UK Bank. A bank that wants to change the relationship people have with money for good. With this comes a big responsibility, one we take seriously. Just one step we’re taking is to give people the confidence to make the right financial decisions.
Over the coming months we’ll be covering banking topics that tend to cause uncertainty and confusion. The articles will be short, simple, and give you the confidence to know your APR from AER.
How does an overdraft work?
An overdraft is simply part of a current account…
Kroo is introducing a referral scheme to reward customers who successfully invite their friends to join Kroo. The reward will be in the form of trees planted on behalf of the referrer and the referred, so that you win, they win, we win, and our planet wins. You can read more about why we are planting trees in this blog post.
It’s no secret that we’re at a crossroads when it comes to our environment. The headlines have been full of unprecedented heatwaves, cold snaps and weather changes from all four corners of the world for a while now. Our planet has taken a bit of a beating and needs our help before it’s too late.
When it comes to banks and financial institutions, they’re sometimes on the wrong side of these headlines, some profiting from the things that are damaging our ecosystem, whether that be deforestation, child labour, arms sales or trafficking. …
Today I’d like to tell you about how we went about implementing Open Banking at Kroo. Specifically how we went about allowing users to consent to Third Party Providers having access to their data.
A quick aside; Open Banking is an initiative to enable opening up of data at banks and financial institutes so that TTPs or other developers can access it. It was introduced by PSD2 which is a European regulation for electronic payment services.
If you don’t mind we will start off with a few key terms
This article is a continuation of Part 1 in the series.
In Part 1 of this article series, we laid out some groundwork by explaining what Richardson Maturity Model and Hypertext Application Language (HAL) are and presented some examples of where it might be beneficial to build your APIs as a mesh of services connected via Hypermedia links.
In this part, I will demonstrate code samples from an illustrative project
hal-liberator-jaeger which leverages some of these concepts, using Clojure’s popular HTTP libraries, as well as some of Kroo’s open-source libraries.
The sample project uses an imaginary order fulfillment service as the…
Banking and technology are industries that are blended from the old and the new. To push things forward, we encourage our colleagues to stay curious, be innovative and to not be afraid to rock the boat. That’s why when it comes to work it’s important to allow creativity to flourish and allow space for new ideas to grow. That’s why a year ago, we launched our first hackathon.
This is a story about how they are run at Kroo, who gets involved, some examples of our results and how it’s become ingrained in our culture.
This post may turn into…
This article has been co-authored with Daniel Zurawski. Keep an eye on his page for the upcoming Part 2.
Here at Kroo we are on a mission to create the world’s greatest social bank. To tackle this challenge, we have opted to use microservices and we have a lot of them, adding roughly one new service every week. As per the classical definition of a microservice, each service manages its own business domain, data, and storage.
Many organisations understand the benefits that microservices can provide. They force you to think more precisely about the domain you are modelling, especially if…
At the time of writing, Kroo is pre-series A and we’re aiming to enter mobilisation (the stage before becoming a fully authorised bank) before the end of this year. Our focus now is to build the core current account functionality, and also ensure we’re complying with all FCA and PRA regulations.
The product teams are organised into vertical squads, so being in the payments squad my focus will be on everything payment related. There is currently one other squad - the accounts squad - who are responsible for everything account and customer-related.
This article will focus on the more technical…
How we created our new brand — Part 2 of 2
This is the second blog on our rebrand to Kroo; you can read part 1:
“The story behind our new name and new look“ here.
Once we had made the decision to rebrand, we spent our time exploring many options for names. As you may know, finding a name in this day and age that is available is well… tricky.
I, along with much of the country and in fact the world, have been working from home since lockdown started in the UK back in March and it looks like this style of working will be part of my life for the foreseeable future at least.
For a year or two, I regularly worked from home in an admin capacity. Since becoming a developer, I occasionally worked from home. Though I preferred to go into the office as I had always found working from home rather lonely. …
Where friends and money meet