The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Dean: Banks' attempts to cross-sell embedded SaaS customers usually fail
“And the banks always fantasize too, that they can do upsells or cross sells of other services. And generally that doesn't work because they're the end user, the contract from this case, they're loyal to the SaaS. They're not loyal to the bank. They don't even …”
Dean: Multi-bank redundancy threshold dropped from $50M to $10M in deposits
“The big people have always had multiple banks. It just moved that big number down. So a lot more people have it, right? It used to be like you needed, I don't know, fifty million in deposits, which is for banks small, but for fintech large, you had to have tha…”
Dean: Syndicate platforms like AngelList hold billions in transient bank deposits
“But the funny thing is there's so much of this and the money always sits there for a couple, three weeks. That in aggregate, it's a billion, it's billions of dollars in deposits and that's real money.”
Dean: Treasury Prime reconciles banking ledgers hourly 24/7
“Treasury Farm's unusual. The banks don't really love us for this either, is that we reconcile 24 hours a day, every hour, and we try really hard to do that.”
Dean: Fintechs like Brex, Mercury, and Chime use multiple partner banks
“Every single one of our big clients has multiple banks. And if you use your examples, Brex has at least two. These technically I think might have three, but at least two. Mercury's at three. They still have stuff at Evolve, if I remember right. And Chime, ther…”