๐ช๐บ vs ๐บ๐ธ TALE OF TWO SYSTEMS:
โขEU PSD2: Banks must provide data access โwithout compensationโ
โขUS approach: JPM charging per-transaction fees
โขResult: European fintech innovation thrives while US banks gatekeep their own customersโ data— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Aug 2, 2025
Category: Twitter Page 14 of 84
๐ THE NUMBERS DONโT LIE: JPM claims $50M in fraud losses from aggregators. Sounds scary until you realize they made $49B in H1 2025 revenue. Thatโs 0.05% of their income. Meanwhile, theyโre charging fees that could generate $300M annually from Plaid alone.
— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Aug 2, 2025
๐จ JPMorgan just exposed the real threat to traditional banking. While Europe treats customer data as free under PSD2, JPM is charging aggregators like Plaid $1.50 per authorization + $0.05-0.20 per data request. This isnโt about infrastructure costsโitโs about survival.
— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Aug 2, 2025
https://t.co/7YQKP9bcpg @jas_shah
Excellent breakdown of how there is going to be a reset in โvalue captureโ in payment space.
Why JPMโs โdata taxโ is really about protecting $49B in interchange revenue from the stablecoin revolution brought by Genius Act— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Aug 2, 2025
MAGIC of DSPY 3 https://t.co/OIuSOEymvh #weekendwatch
— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Jul 21, 2025
Vibe coders be like..
|๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ๏ฟฃ|
!Push To Production On Friday|
|๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ๏ผฟ|
\ (โขโกโข) /
\ /
โโ
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|_ |_— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Jul 19, 2025
RT @ycombinator: Embedder (@embedderdev) is building the Cursor for embedded: upload data sheets, chat with agents, and generate productionโฆ
— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Jul 15, 2025
This ad is made with Veo3 and Chatgpt in a week! Embrace it, be curious, learn-unlearn-relearn https://t.co/ARNd74Jkbu
— Abhay ๐ธ๐ฌ๐ฎ๐ณ (@Abhay08)
Jul 11, 2025