BΞn WΞiss🇮🇱🇺🇸

Builder/Operator, Strategist and Investor working at the cross roads of Financial Services and Technology

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@felixleezd @ADPList 👋

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@ashugarg @BillAckman @Uber Question is how long it takes any of the AVs to control a fleet sizable enough to provide the same timeliness assurance that uber provides. It’s been hard for Lyft to aggregate supply to create proper parity with uber in many markets - can the AV model support the upfront cost?

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@EvanRobertsWFAN Hell of a game by the brewers

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@EvanRobertsWFAN Seems Duran too is broken…

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@EvanRobertsWFAN Bold choice, but luckily Stanek’s got 9 runs to work with…

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

Glad to see the Mets pounding the Braves tonight #LGM

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@MikeJanela Clearly the Bronx needs to actually win the mascot race. Suspect that’s the spark we need

[New York Mets @Mets]

Repost for your chance to win a Mets prize pack, courtesy of @ChopraNocerino including:

🎟️ 4 Tickets
⚾️ 4 BP Passes
👕 Mets Jersey

Rules: https://t.co/1lRzq8Ynd9

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@BoilerPlateCPA Agreed. There’s some opportunity in buying equity stakes in these businesses, by offering secondary to the partners. These businesses when built right have strong staying power and a lot of cross selling - don’t forget banking ;-)

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@howardlindzon Mazal Tov!

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

While investors obsess over yield and price, they often overlook duration—the hidden force shaping global finance.

My new series explores how sophisticated duration engineering separates winners from losers in our financial system:

https://t.co/yKHHvtUMsI

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@mokoyfman @FarroYossi @Olivia_Reingold @Chabad Happy to connect to Rabbi Steven Exler at HIR in Riverdale. Pretty sure she’ll have a better outcome here.

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

Incredible run for the 2024 Mets! Such a cohesive group, pushing until the very end. Can’t wait to be in the stands for ‘25 opening day @StevenACohen2

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@mikulaja @stevegraham That's correct. There's also the traditional RegD restrictions that were lifted during COVID, which would allow an MMDA or Savings to operate like a checking account. Still need to be careful with business plan.

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@sammaule @moov @wadearnold @BrettKing @rshevlin @davidbrear @sytaylor @ScarlettSieber @peggymangot @AlexH_Johnson @psb_dc @mattcharris @fintechjunkie Glad to see it (and agree about the beard)!

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@b6nbrown @tommyrva @jsfranklin221 Definitely. I guess I see BaaS in two flavors with commonality, namely (1) I’ll add your clients to my balance sheet or (2) I’ll enable your clients to pay via my rails; both require sophistication in KYC/KYB, Fraud, Underwriting risk, and ultimately portfolio construction

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@b6nbrown @tommyrva @jsfranklin221 (4) Most banks need to upgrade their technology, but not all pieces of the stack are equally needed or valued; finding a niche (e.g. onboarding, loan originations, KYC/KYB, loan servicing, payments, and fraud) have stood out

[BΞn WΞiss🇮🇱🇺🇸 @weissben]

@b6nbrown @tommyrva @jsfranklin221 (3) most banks don’t have a payments business of any size/scale, and largely lack the sophistication to support that effort; BaaS is largely dependent on payments, which in turn relies on real knowledge/competency