Charles Hearn

Charles Hearn

Co-Founder & CTO of Alloy

Recent posts by Charles Hearn

5 min read

Answering My Own Authentication Questions Prove That They’re Useless

By Charles Hearn on Aug 29, 2018 11:45:00 AM

So many identities to choose from…

One key feature of having a fort as a kid was the secret password to identify yourself and grant entry. Unfortunately, we don’t have this kind of relationship with our banks.

Topics: Financial Fraud Security
10 min read

Fintech infrastructure doesn’t have to be terrible

By Charles Hearn on Dec 23, 2016 11:45:00 AM

"Fintech" and "regtech" are currently such popular buzzwords that one might assume every bank is implementing modern cloud-hosted systems for every business function at a breakneck pace. The reality is that substantially all of the software used at US banks is still "legacy" software running on-premise. At Alloy, we believe that a transformation is underway in financial software. But for fintech companies looking to sell software to banks, it is critical that they understand how legacy systems work and why they were implemented in the first place. We've spent the last two years creating and integrating regtech/fintech software, dealing with legacy infrastructure, and building new infrastructure for banks. Here's what we've learned.