Fortunis capital invests £15m in UK fintech Karma

May 26, 2020 at 08:00AM Fortunis Capital has invested £15 million in UK-based voucher platform, Karma, which has held UK trials of an app aimed at “disrupting” the payday loan market. The voucher lending app has been trialled in the UK with support from the Scottish government. Employers signing up to Karma can advance staff … Continue reading Fortunis capital invests £15m in UK fintech Karma

South Korea’s fintech sandbox lands $110m and creates 380 jobs

May 26, 2020 at 07:30AM South Korea’s fintech sandbox has landed $110 million (KRW 136.4 billion) in funding and has created 380 jobs so far, local newspaper Shina Ilbo reports. In effect since April last year, the sandbox was set up by South Korea’s regulator, the Financial Services Commission (FSC), with an initial $3.5 million … Continue reading South Korea’s fintech sandbox lands $110m and creates 380 jobs

[Discussion] I’m looking to opening a CD savings account, but I’m not sure I understand everything.

May 25, 2020 at 11:09PM My bank is currently offering a limited time 5 month CD with a renewal term of 3 months. The interest rate is 0.30%, APY is 0.30%, bonus interest rate is 0.30% and the bonus APY is 0.30%. My big question is if I deposited $5k, what total interest in dollar … Continue reading [Discussion] I’m looking to opening a CD savings account, but I’m not sure I understand everything.

[Discussion] Can I withdraw 4k from Washington DC if my bank (Bell State Bank) has no branches out there?

May 25, 2020 at 09:08PM I'm from North Dakota, flying out to Washington DC tonight to purchase a vehicle. The owner wants payment in cash primarily, 4k cash and 2k over Venmo, 600 of the Venmo has been paid already as a deposit. How would be best to withdraw the rest of the cash? … Continue reading [Discussion] Can I withdraw 4k from Washington DC if my bank (Bell State Bank) has no branches out there?

[Discussion] Without going into too much detail, how many of you bankers are seeing *that* ACH fraud?

May 25, 2020 at 02:00AM I work in back office and saw the first signs of the ACH deposit fraud about 3-4 weeks ago. It’s gotten exponentially worse. We are working on a plan but are just flagging and monitoring at this point. A few people who came forth themselves said they willingly signed up … Continue reading [Discussion] Without going into too much detail, how many of you bankers are seeing *that* ACH fraud?

SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities

May 23, 2020 at 03:30PM The Small Business Administration late last night released much-anticipated interim final rules describing the loan forgiveness process, as well as lenders’ and borrowers’ responsibilities, for the Paycheck Protection Program. The post SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities appeared first on ABA Banking Journal. via ABA Banking Journal … Continue reading SBA Issues Rules on PPP Loan Forgiveness, Lender Responsibilities

[Discussion] Varo has a $150 Bonus when you sign up and get a deposit of $150 or more ONCE!

May 23, 2020 at 06:04AM I am currently out of work due to the virus and havent gotten my stimulus or unemployment and this bonus will give us both $150 after your first direct deposit. If you are going to sign up, please use my link. http://refer.varomoney.com/MhqjS Card takes 3 days to arrive, routing number … Continue reading [Discussion] Varo has a $150 Bonus when you sign up and get a deposit of $150 or more ONCE!

[Discussion] Varo has a $150 Bonus when you sign up and get a deposit of $150 or more ONCE!

May 23, 2020 at 06:04AM I am currently out of work due to the virus and havent gotten my stimulus or unemployment and this bonus will give us both $150 after your first direct deposit. If you are going to sign up, please use my link. http://refer.varomoney.com/MhqjS Card takes 3 days to arrive, routing number … Continue reading [Discussion] Varo has a $150 Bonus when you sign up and get a deposit of $150 or more ONCE!