Justin Carey Steffen

My first official law review article is out! Deconstructing the Digital Dollar: Protecting Financial Privacy from Surveillance Capital. Thanks to @colleenklein, @pnadimi, @ammori, and all the others who inspired this work. iblj.com/summary.htm?nu…

Many thanks to @FinTechAttorney and @CroweUSA's Steve Gerschoffer for their comments. The piece also mentions two @BankDirector surveys: 2024 Risk: bankdirector.com/article/2024-r… 2023 Technology: bankdirector.com/article/2023-t…

@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/1…

.@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.

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.

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/PageConte…

@khaslett 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)

I booked a tropical vacation reading retreat with a friend (I KNOW) at the end of the month. What books should I read? I ONLY LIKE GOOD BOOKS. If you recommend a book to me that is bad, I will remember and judge accordingly.

#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.

#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

@MelMitchell1 Strong reccomend. I think I have touted this to at least a dozen folks.

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/

@jasonhenrichs Just wait until your daughters come to collect…

Wife: hey do we have any cash? Me: in my drawer W: I already took all of that M: then no W: how do I even get cash? M: 👀 W: oh right, I can raid the girls 🐖bank Who says #Fintech can fix everything?

@jasonhenrichs 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

Hot take: ChatGPT is bad at grammar and language structure because LLM's are based on commonly expected next word which means most of us are bad at grammar and language structure

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

@NelsonMRosario bfkn.com/newsroom-event…

Watching #fintwit #vctwit #techtwitter be ignorant of the fact that the $250k FDIC limit is for the benefit of human individuals and not businesses is almost too much.

@NelsonMRosario 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-event…

@cxofficer @KDaly_Talent Thanks, Derek! We are here to spread the word on managing partnerships.

To my friends in the Fintech world, LEGAL matters are boring but critical. This free webinar should offer useful practical advice. @FinTechAttorney , Cornerstone Advisors , @KDaly_Talent lnkd.in/g9224XPj lnkd.in/ggsXsjGE