Bank-FinTech Partnerships | Payments Lawyer | Crypto Counsel | Partner @BFKNLaw | FinTech Professor @NorthwesternLaw | tweets/likes ≠ advice or endorsements
Chicago, IL
Joined May 2017
- Tweets1.3K
- Following483
- Followers686
- Likes843
Justin Carey Steffen retweeted
Many thanks to @FinTechAttorney and @CroweUSA's Steve Gerschoffer for their comments.
The piece also mentions two @BankDirector surveys:
2024 Risk: bankdirector.com/article/202…
2023 Technology: bankdirector.com/article/202…
Justin Carey Steffen retweeted
@TeslarSoftware's Joe Ehrhardt, @CroweUSA's Clayton Mitchell, @BFKNLaw's @FintechAttorney & @khaslett discuss how banks can remain competitive & grow in today’s current environment.
Thrilled to have been asked to reflect on the past year of #bank-#fintech partnerships and opine on what’s to come.
If you want to read what I saw, see, and foresee, check it out. law360.com/amp/articles/1780…
Justin Carey Steffen retweeted
.@FinTechAttorney and I dive deep into the risk regulators are identifying from complex fintech partnerships and what Fed member banks should think about as the regulator launches this formal program.
At the end of summer, the @FederalReserve announced a new novel activities supervision program for its examined banks. @khaslett talks to @fintechattorney to learn more about this program & what Fed member banks can expect: finxtech.com/how-fintech-par… #banking #fintech
Webinar on investing in #AI is next Thursday. And if you can't make it for the live webinar, register anyway. You can access the recording anytime one hour after the event.
This quoted post is unavailable.
Justin Carey Steffen retweeted
The Financial Accounting Standards Board last week voted to establish new rules on accounting for crypto assets.
The new rules would apply to crypto assets that meet certain criteria. fasb.org/Page/PageContent?pa…
I confess that I don’t know what is beach appropriate, but I can suggest a few good books:
Melanie Mitchell’s AI: A guide for Thinking Humans ( helps highlight different AI approaches and limits)
Isaacson’s Ben Franklin Bio (inventor, printer, diplomat, imo our best founder)
#Banks, if you have read the Interagency Guidance and wondered what to do, join us. We will talk about what the Guidance says, what it doesn’t say, and how to operationalize your third party risk management.
This quoted post is unavailable.
#Banks, if you have read the Interagency Guidance and wondered what to do, join us. We will talk about what the Guidance says, what it doesn’t say, and how to operationalize your third party risk management. lnkd.in/gCp9Pj_D
Justin Carey Steffen retweeted
How does modern AI work, what is its history, and how does it compare with human intelligence? My book gives an in-depth, accessible guide for lay people & experts alike.
Coming in 2023: new chapters on transformers, generative AI, and AI "alignment".
melaniemitchell.me/aibook/
GIGO is an acronym I don’t like (too many in banking and regulatory worlds as it is), but this is one you’re going to hear a lot as more people start warming up to AI/ML
Justin Carey Steffen retweeted
I don't want to unduly worry anyone who is publishing software, BUT
did you know that OFAC just took the position that third party use of a US entity's software to process prohibited transactions constitutes a sanctions violation by that US entity?
No? Well then, LONG 🧵👇
This is NOT a postmortem or thread on #SVB or #Signature. What recent events reinforce, however, is that #FinTechs need to better understand banking and their #bank partners. We welcome all who want to learn to our March 23 webinar…lnkd.in/gBsCVeZ9 lnkd.in/g_R_er97
This is NOT a postmortem or thread on #SVB or #Signature. What recent events reinforce, however, is that #FinTechs need to better understand banking and their #bank partners. We welcome all who want to learn to our March 23 webin…lnkd.in/gJFRNChj lnkd.in/g_R_er97
Adding- what many don’t always appreciate is that there is a way to spread deposits through bank networks to maximize FDIC insurance coverage. Google “excess deposit insurance”. FinTechs and tech cos need to better understand banking and their bank partners.
Whether it’s #partnerships or merely holding #deposits, #fintechs need to be able to identify the right #bank for them. Our Bootcamp is NOT a post-mortem on #SVB, but recent events highlight the importance of understanding both banking and your bank. bfkn.com/newsroom-events-583