Jesse Honigberg @jessedh
living the dream(ish) Nyack, NY Joined May 2008-
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End of an era!! In every job, there are people that you just gravitate to because they make you better! At @crossriverbank that’s @jessedh, one of the smartest and greatest guys I have ever known and will miss him as he moves on to his next adventure changing the world!
Sleeps peacefully but at what cost. @ericadamsfornyc @ZohranKMamdani
I think FedNow is going to fail. It’s pretty close to a system designed to fail — @DanAwrey says he’s more radical than I am on the problems of #FedNow. Points out banks are signing up to receive but not send. How can everyone receive but no one send? #FutureofPayments
We had a turbulent last few years at @braid_app, and shut it down for good in Sept '23. I wrote a post-mortem and found I had A LOT to say about the past few years in fintech/payments. Enjoy! Braid is Dead, Long Live Braid amandapeyton.com/blog/2023/10/b…
1/2 @CaitlinLong_ @GeorgeSelgin the other broad #challenge that #RTP has is that it benefits net receivers because of the way that liquidity works - net senders need to keep excess liquidity but don't earn any interest on it - in the current environment, this is meaningful.
1/2 @CaitlinLong_ @GeorgeSelgin the other broad #challenge that #RTP has is that it benefits net receivers because of the way that liquidity works - net senders need to keep excess liquidity but don't earn any interest on it - in the current environment, this is meaningful.
Proptech founders: I see it again and again. You want to disrupt real estate, but nobody on your team has actual true real estate experience. You need leadership that's been in the trenches and gets the industry inside and out, not just a bunch of star engineers and MBAs.
1⃣ Traditional AI and genAI will cohabitate☄️ Why?💡You don't want to use a sledgehammer to drive a nail into a wall Today's day 1⃣ of our🔟day mini series on the state of genAI in financial services. Daily we'll dive into one big idea from our article: baincapitalventures.com/insight/sharin…
Smaller banks are crucial drivers of credit growth. Banks smaller than the top 25 largest account for around 38% of all outstanding loans: Fed data. They account for 67% of commercial real estate lending. wsj.com/articles/small…
Watch Yellen make things worse by essentially confirm this is now the new model of banking in the country. The banking system now effectively has two tiers: Tier 1: The “too big to fail” banks (JP Morgan Chase, Citi, Wells Fargo, BofA) Tier 2: All other banks If you have…
Watch Yellen make things worse by essentially confirm this is now the new model of banking in the country. The banking system now effectively has two tiers: Tier 1: The “too big to fail” banks (JP Morgan Chase, Citi, Wells Fargo, BofA) Tier 2: All other banks If you have…
This is truly incredible. Here is an exchange with Senator James Lankford & Yellen. He asks, "Will every community bank ... get the same treatment as SVB?" Yellen: "Banks only get the treatment if ... the failure to protected uninsured depositors would create systemic risk."
Here's an answer I got using the new Bing, the world’s first AI-powered answer engine. Click to see the full answer and try it yourself. sl.bing.net/g93w9cT5lx6
There's a new online savings/MM rate leader. @CustomersBank retakes #1 spot from UFB Direct: Customers Bank Max Savings: 5.02% → 5.05% APY Available only at Maxmyinterest.com depositaccounts.com/banks/customer…
Lots of really bad takes about SVB. Let’s try and correct This is not a solvency crisis like 2008. Bad loans or poor investments were not made. Money was not lost. So, everyone is going to get their money back. (And please no takes about no interest rate hedging.…
If you want to know why it's probably not a good idea to use generative AI in financial services (yet), play hangman with ChatGPT. (h/t: @venturetwins for the idea!) Here's what happens 🧵
There are 4 basic team cultures, with different emphases on psychological safety and different emphases on intellectual honesty. Each culture supports or discourages learning and innovation to different degrees. mitsmr.com/3XyG09v
Round view @ Rockland Lake, New York instagram.com/p/CoUkVLlAID0/…

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