General Fintech & Banking Articles Megathread

I would just recommend that for anyone who is able to get Samsung Wallet to do so. They have quite a few offers available from time to time, with the recent one being there months of Disney+ (and I assume that will be the premium version once the changes happen as it will cost £10.99 a month afterwards)

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Pension review yesterday advised put some cash holdings into an NS&I one year fixed bond.

The pension company can apparently open the account with no problem, but then have to fund it by posting a cheque to NS&I.

Thread (appears to be US focused as may not all be relevant to the UK)

Found this interesting.

A couple of weeks old but I don’t think has been posted.

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Money saving expert’s credit club will stop using Experian and start using TransUnion information.

Experian is stopping giving us access to its full credit report. So when we launch the new Club we’re moving to one of the other three big credit reference agencies, TransUnion.

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Yeesh. I can’t imagine that that bodes well long term for Metro.

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Not much bodes well for Metro right now, but voting this through staves off a probable collapse at which point the BoE would be making the decisions. They need to sell something big off and fast.

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Thread

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Cyber criminals generating fake IDs with ‘AI’ and successfully bypassing kyc

The screenshot shows jumio, does Monzo still use them?
Monzo does require a video so it would or should make it much harder.

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They also have a whole host of other services, for the UK they offer fake utility bills and bank statements generators including Monzo.

Physical card picture generators too.

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Remind me again about those specific benefits of crypto which outweigh the criminal uses?

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6qxublkykzf71

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Sibstar – Apps on Google Play

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125k? Won’t that hire, like, one developer for a year :sweat_smile:

Wait what?! I work at a tech startup in London, the senior engineers are on 90k+. They should move :sweat_smile:

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Nationwide looking to buy Virgin Money for £2.9bn

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Banks to be given 4 days to investigate payments

https://www.reuters.com/business/finance/britains-banks-given-more-time-check-payments-scams-2024-03-12/

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Virgin’s platform isn’t up to much. It doesn’t show credit cards, nor half of their savings accounts; they are on different systems.