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▲ steveBK123 7 hours ago

The ability of bankers or traders to even create an app that others can run, without any IT review/approval process is probable a compliance issue in and of itself.

There are things simple building blocks don't prevent in the event of nefarious or stupid behavior.

Imagine a nefarious banker creates an app that lets him talk to a trader on the other side of the "Chinese wall" about M&A deal flow without getting caught because they are avoiding monitored channels like email, slack, phone, zoom.

Imagine an idiot writes an app that scans his email and summarizes client information he is privy to and writes it to some database that his app then serves up to others on the trading desk. He is unaware that entitlements exist, and by giving others access to his new app he has broken them. Btw summarizing email is a HUGE use case across non-technical users in finance that they are very excited about.

▲motionlessveloc 7 hours ago | parent | next [-]

> Imagine a nefarious banker creates an app that lets him talk to a trader on the other side of the "Chinese wall" about M&A deal flow without getting caught because they are avoiding monitored channels like email, slack, phone, zoom.

Back channel conversations have been happening since forever and hardly need vibe coded apps to pull off. They can use non-corp services on personal devices, or kick it old school and grab drinks at the bar downstairs.

▲steveBK123 7 hours ago | parent | next [-]

The point is liability, plausibly deniability, etc.

If a trader uses their personal cell / WhatsApp / etc in today's age, all the liability falls on that trader.

If organize drinks with a coworker adhoc and communicate things they shouldn't.. the same.

However, if a trader on their work PC, on the work network, in the office can communicate in electronic form on an unsecured, unmonitored channel.. the bank is paying a very large fine. This is like leaving gmail unblocked on work computer/network.

Likewise if the bank itself organizes a monthly drinks between 2 departments on different side of the Chinese wall, offsite and things get communicated that shouldn't .. its obviously somewhat intentional by the bank and they will get fined.

▲KellyCriterion 6 hours ago | parent | prev [-]

> Back channel conversations have been happening since forever and hardly need vibe coded apps

Thats the reason why there are companies like:

https://en.wikipedia.org/wiki/Digital_Reasoning

(funded amongst others by In-Q-Tel, the investment arm of that intelligence service)

▲KellyCriterion 6 hours ago | parent | prev [-]

>The ability of bankers or traders to even create an app that others can run, without any IT review/approval process is probable a compliance issue in and of itself.

Now worries! Its called the "citizen developer" today! :-D https://de.wikipedia.org/wiki/Citizen_Developer