laconte

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laconte

laconte

@laconte

husband, gamer, fintech / edu / security exec, CSO of Self Financial, fan of WI sports, follows interesting companies doing cool things. Opinions are my own

Katılım Aralık 2007
671 Takip Edilen1.5K Takipçiler
laconte retweetledi
Perplexity
Perplexity@perplexity_ai·
Computer now connects with Plaid to link bank accounts, credit cards, and loans. Track spending in detail, build custom budget tools, and visualize your net worth alongside your investment portfolio.
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laconte
laconte@laconte·
@ravi_riley @jackiereses @Square @Lead_Bank They had fintech partners/clients before the Square execs got there as a FYI. Also the name change was in 2010, 12 years before it was bought. Doesn’t change the full story but your early timeline isn’t accurate.
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Ravi Riley
Ravi Riley@ravi_riley·
insane that a farmers bank powers ramp, affirm, revolut, and bridge > Garden City Bank > founded in 1928 to bank farmers > quiet business for 100 years > enter disgruntled @Square execs > what are they scheming??? > bought out for $56 million > renamed to @Lead_Bank > time to engineermaxx > api integrations > algorithmic compliance flagging > verticalization of services > everything in real time > fintechs can finally scale > square, ramp, affirm, revolut, bridge become customers > raise from a16z & khosla > valuation skyrockets from 56m to 1.47b > 180m revenue in 2024 > mfw a farmer bank is powering silicon valley seeing a pattern: the biggest fintechs are started by someone addressing their own pain
stablecon@thestablecon

"The banking system that sat beneath Square's products was the weakest layer of their infrastructure" @Lead_Bank started with a problem, and CEO @jackiereses decided the only solution was to rebuild the banking layer from scratch. From writing the first line of code to earning regulator trust, she breaks down what it really takes to make stablecoin payments work at scale and why banks, compliance, and infrastructure still matter. The full conversation is live now on @MoneyCodePod with @chuk_xyz and @rparekh. Listen in wherever you get your podcasts, or the via the link below Presented by @thestablecon. Powered by @BVNKFinance.

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laconte
laconte@laconte·
@mikulaja They should have bought something and tried to expand it. Going it organic is very challenging
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Jason Mikula
Jason Mikula@mikulaja·
Monzo is calling it quits in the US, per emails the company has sent to customers:
Jason Mikula tweet media
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Nick
Nick@NotionsofNick·
@NFL_DovKleiman Just so everyone is clear on the Elon reference.
Nick tweet media
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Dov Kleiman
Dov Kleiman@NFL_DovKleiman·
Uh Oh: Jaire Alexander speaks on the difference between playing for the Packers and the Ravens... "It's simple. One is like being hired by your brother-in-law. The other is like working directly under the guy who invented Tesla." 😬😬😬
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YIMBYLAND
YIMBYLAND@YIMBYLAND·
"Where should I live in Austin?" I get this question over and over again when hiring new employees at @americanhousing. So I built a self-guided neighborhood explorer! It's been a hit, so I figured I'd share it here too!
YIMBYLAND tweet media
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laconte
laconte@laconte·
@AlexH_Johnson Movie was amazing btw. Should have seen it on IMaX though.
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United Airlines
United Airlines@united·
The entire row is alllllll yours. Welcome to United Relax Row, three adjacent United Economy seats with adjustable leg rests that can each be raised or lowered to create a cozy lie-flat space for stretching out... You'll also get a mattress pad, blanket and two pillows. If you’re traveling with kids, a plushie too! United Relax Row will be available starting next year on more than 200 of our 787s and 777s, each with up to 12 of these brand-new rows. united.com/Elevated
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laconte
laconte@laconte·
@anothercohen Or…. we just agree they do no due diligence on any company n any ranking/ list they produce so those list are worth nothing
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Alex Cohen
Alex Cohen@anothercohen·
Incredible. At this point we need to put the Forbes editors in charge of the FBI
Alex Cohen tweet media
Ryan@ohryansbelt

Delve, a YC-backed compliance startup that raised $32 million, has been accused of systematically faking SOC 2, ISO 27001, HIPAA, and GDPR compliance reports for hundreds of clients. According to a detailed Substack investigation by DeepDelver, a leaked Google spreadsheet containing links to hundreds of confidential draft audit reports revealed that Delve generates auditor conclusions before any auditor reviews evidence, uses the same template across 99.8% of reports, and relies on Indian certification mills operating through empty US shells instead of the "US-based CPA firms" they advertise. Here's the breakdown: > 493 out of 494 leaked SOC 2 reports allegedly contain identical boilerplate text, including the same grammatical errors and nonsensical sentences, with only a company name, logo, org chart, and signature swapped in > Auditor conclusions and test procedures are reportedly pre-written in draft reports before clients even provide their company description, which would violate AICPA independence rules requiring auditors to independently design tests and form conclusions > All 259 Type II reports claim zero security incidents, zero personnel changes, zero customer terminations, and zero cyber incidents during the observation period, with identical "unable to test" conclusions across every client > Delve's "US-based auditors" are actually Accorp and Gradient, described as Indian certification mills operating through US shell entities. 99%+ of clients reportedly went through one of these two firms over the past 6 months > The platform allegedly publishes fully populated trust pages claiming vulnerability scanning, pentesting, and data recovery simulations before any compliance work has been done > Delve pre-fabricates board meeting minutes, risk assessments, security incident simulations, and employee evidence that clients can adopt with a single click, according to the author > Most "integrations" are just containers for manual screenshots with no actual API connections. The author describes the platform as a "SOC 2 template pack with a thin SaaS wrapper" > When the leak was exposed, CEO Karun Kaushik emailed clients calling the allegations "falsified claims" from an "AI-generated email" and stated no sensitive data was accessed, while the reports themselves contained private signatures and confidential architecture diagrams > Companies relying on these reports could face criminal liability under HIPAA and fines up to 4% of global revenue under GDPR for compliance violations they believed were resolved > When clients threaten to leave, Delve reportedly pairs them with an external vCISO for manual off-platform work, which the author argues proves their own platform can't deliver real compliance > Delve's sales price dropped from $15,000 to $6,000 with ISO 27001 and a penetration test thrown in when a client mentioned considering a competitor

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laconte
laconte@laconte·
@RN_Ahuja Feels like you’re just humble bragging that you haven’t paid any fees yet!
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Rishi Ahuja
Rishi Ahuja@RN_Ahuja·
Continuing my thread of nonsense email outreach in consumer finance. C’mon CK.
Rishi Ahuja tweet mediaRishi Ahuja tweet media
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laconte
laconte@laconte·
@andruyeung Was one of the immediate things that stood out to us when we moved here 9 years ago.
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laconte retweetledi
Andrew Yeung
Andrew Yeung@andruyeung·
People in Austin, Texas are probably the most genuinely kind, friendly & generous people I’ve met
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laconte
laconte@laconte·
@edgaralandough Then they get their own card, have no idea what utilization is or what carrying a balance means, call you 5 months later after they owe $10k+ in credit card debt. It's the easy thing to do for your kid, not the right thing, which is often the case when raising children.
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CooperBaggs 💰🍞
CooperBaggs 💰🍞@edgaralandough·
Add your kids as an authorized user to your credit cards (assuming you pay off your card in full every month). Don’t even give them the card They will have a perfect, decade plus credit history by the time they actually need it Legitimately one of the easiest and most impactful things you can do for your children
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laconte
laconte@laconte·
@mpershan what about 7, 8, and 9? 7. They come out of their room to tell you something 8. They come out of their room to tell you X hurts 9. You sit in their room till they magically fall asleep after only being in there for 5 minutes
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Michael Pershan
Michael Pershan@mpershan·
Important to give your kids a regular bedtime routine, this is our's: 1. brush teeth 2. go to room 3. sing lullabye 4. we leave 5. they scream for an hour 6. lights out
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laconte
laconte@laconte·
@zachkruse2 Only sad to see Romeo leave from a talent perspective.
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Zach Kruse
Zach Kruse@zachkruse2·
Roster decay is very real in Green Bay. You can debate the quality of the players lost, but... Rashan Gary Elgton Jenkins Quay Walker Malik Willis Nate Hobbs Kingsley Enagbare Romeo Doubs Rasheed Walker Colby Wooden 2026 team probably won't be as talented as the 2025 team.
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laconte
laconte@laconte·
@mikulaja Was in Mexico Coty for the first time in Jan and completely forgot to hit you up for recommendations! Will do on my next trip.
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Jason Mikula
Jason Mikula@mikulaja·
A perfect Mexico City afternoon—
Jason Mikula tweet media
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laconte
laconte@laconte·
@Matt_Pinner Was out every day and would head home when the streetlights came on. Parents had no clue where I was because we would go 5 different places each day (friends houses, pond to go swimming/fishing, play football at the school, roller hockey at a abandoned tennis court)
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Rogue CFPB
Rogue CFPB@RogueCfpb·
The judgement of TomoCredit is absolutely off the charts bad!!!! Do they have ANY idea what that discovery would look like!??? Most of these claims are from Tomo’s own website. That discovery is going to be absolutely BRUTAL for Tomo. Who is paying for these terrible decisions?
Jason Mikula@mikulaja

TomoCredit, which numerous complaints on BBB & TrustPilot call a "scam" and "fraud," has filed a meritless defamation lawsuit against me, personally. The company is pressuring me to remove articles & posts, and, per its suit, is asking the court for $1 million in damages.

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Sheel Mohnot
Sheel Mohnot@pitdesi·
@grok, what were my worst takes from 2019-20?
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laconte
laconte@laconte·
@oost_marcel High APY doesn’t correlate to high DD. Can’t wait to see if they are doing anything new/interesting to go after DD
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