Column, as the Hockeys renamed NorCal, thinks it can solve that problem. The Column team developed its own banking platform from scratch, complete with a customized direct connection to the Federal Reserve’s payments network. It signed up clients, including the fintech companies Brex Inc. and Point Up Inc., letting them use Column’s software to automate the mechanics of activities such as opening bank accounts, moving money and extending loans. “Everything that you can do at your bank,” said Mr. Hockey, 32, “I want you to be able to do that with three lines of code.”

https://www.wsj.com/articles/plaid-co-founder-takes-aim-at-rickety-banking-tech-11650538801?mod=Searchresults_pos1&page=1