In 1975, it took 5 days (aka “T+5”) to settle a securities transaction (introduced under Section 17A of the Securities Acts Amendments of 1975)
In 1993 it changed to T+3 (3 days)
In 2017: T+2
In May 2024 (coming soon!!): T+1

Basically a little less than “one day of speed-up” per

Quietly-explosive news last week for anyone who cares about consumer privacy in digital banking and access to credit. Your help is needed! Read on:🧵1/11

Nobody puts [data] in a corner, but at the dawn of the digital age Bloomberg, Morningstar, & Verisk built category-defining businesses around cornered data. So - how’d they do it?

a16z.com/putting-data-i…

Financial services is heavily regulated, so will be slow to adopt Gen AI right? Wrong.

A year ago, Gen AI x FinServ use cases were theoretical. Now, early implementations abound & we have a clearer picture of GenAI's potential (+ opportunities hiding in plain site). A 🧵👇

In the AI era, consumer companies are getting traction more quickly than ever.

But what about the elephant in the room - retention?

Our benchmarks a16z from meeting hundreds of companies 👇

There should be some way for tech-savvy users to report *bugs* (not just get support) in applications/products.

Attn: Uber and anyone I know who works there, the whole Uber Teens billing/reporting/editing is horribly, horribly broken