HoyaSaxa

12 ms·

61.
by HoyaSaxa 7y ago
Shorts very rarely actually get closed out by a prime broker (at least for institutional investors). The stock borrow world is very inefficient, but when a forced buy is on the line the PB will almost always find more supply. Especially wit
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmi.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosystem
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by HoyaSaxa 8y ago
This term sheet template is very investor friendly primarily because of the lack of detail. The Company has very little leverage after a term sheet is signed especially given a standard no-shop provision. You want to reduce the number of it
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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Show HN: Ever wonder how banking wires work? We open sourced a Fedwire generator(github.com)
2 points by HoyaSaxa 8y ago|0 comments
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
I did some research on this about 5 years ago at a former job. Unfortunately, I no longer have access to it, but the slope of the yield curve definitely had some interesting correlations with recessions. My (incredibly simplistic) reasoning
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by HoyaSaxa 8y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 8y ago
It is very unlikely that you would be granted a banking charter in the United States for a 'challenger' bank model. The FDIC (and other regulators) have started to approve some de novo (new) banks[1], but these are very much the r
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by HoyaSaxa 8y ago
You're right that traditionally credit unions and community banks have used antiquated consumer facing tech (online banking, mobile banking, loan applications, online account opening, etc) owned by 1 of 3 OG financial technology compan
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by HoyaSaxa 9y ago
Narmi (Techstars NYC '17)| Senior Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosys
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by HoyaSaxa 9y ago
Thanks for the feedback! We've definitely been neglecting our marketing website a bit. I'll get that updated
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by HoyaSaxa 9y ago
(Disclaimer: I'm the co-founder of Narmi which provides online banking, mobile banking, and banking APIs to banks and credit unions in the United States) For anyone interested, Associated Bank (mentioned in the article) is using Fiserv
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by HoyaSaxa 9y ago
There are three main reasons: (1) a huge long tail of financial institutions and (2) an incredibly strong enforcement and justice system, and (3) a lack of new financial institutions. The United States has around 40x more financial institut
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by HoyaSaxa 9y ago
The US ACH system does rely upon COBOL mainframe systems which only support batch processing. But that constraint does not cause the multi-day process. In fact, since September 2017, the US ACH system has supported same-day ACH processing (
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by HoyaSaxa 9y ago
Just a heads up it actually works both ways. The originating depository financial institution (ODFI) can submit debits (pulls) or credits (pushes) which are then ultimately transmitted to the receiving depository financial institution (RDFI
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by HoyaSaxa 9y ago
As always, thanks for the very thorough write up. My immediate thoughts were highlighted in the "Discussion" section. Namely, the demographic of your website might respond more negatively to the presence of ads than the general po
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by HoyaSaxa 9y ago
Hi Corben - I like the marketing angle! Just some feedback from a potential customer. I wouldn't use hund.io today because of this: "Our self-healing infrastructure is distributed across multiple AWS regions and availability zones
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by HoyaSaxa 9y ago
It is hard to be certain without knowing the particular credit union, but as others have mentioned this data is likely used to counter bot login attempts. But this is more of a business decision than a security decision likely. It is probab
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by HoyaSaxa 9y ago
Narmi (Techstars NYC '17)| Full Stack Engineer | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful financial ecosystem by
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by HoyaSaxa 9y ago
Narmi (Techstars NYC '17)| Full Stack Engineer (Front End Focused) | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We create a more accessible and useful fin
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by HoyaSaxa 9y ago
Could you share some best practices you've learned in generating animated product gifs? For instance, what software you use, what settings have you tuned, etc?
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by HoyaSaxa 9y ago
Narmi (Techstars NYC '17)| Full Stack Engineer (Front End Focused) | New York, NY (NYC) | ONSITE | https://www.narmitech.com Narmi is helping reinvent banking in the United States. We help create a more accessible and usefu
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by HoyaSaxa 9y ago
Author here. I used to run a credit union, ended up working in the equity trading world for a bit, and most recently founded a startup to help community banks and credit unions have awesome online and mobile banking. Feel free to AMA
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The case for open banking APIs(americanbanker.com)
1 points by HoyaSaxa 9y ago|1 comments
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by HoyaSaxa 9y ago
Narmi (Techstars NYC '17)| Full Stack Engineer (Front End Focused), Mobile Engineer, Product Designer | New York, NY (NYC) | https://www.narmitech.com Narmi is helping the 10,000+ community banks and credit unions in the Un

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