💁♂️: Used to compare your performance with other players and also to equalize competition on head-to-head matchups, it was used to known as a hands-on cap but later changed to handicap. Gauges your skill based on your score compared to a course's par round, so a handicap of 5 means the average score of this player is 5 over par. The lower the handicap the better.
🤔: There are more complexities in the criteria of the rounds you can submit for an official handicap and adjusted scores.
#til2022 Neobank
🌐:
💁♂️: Or known as "challenger banks", which are fintech firms that offer a streamlined version of traditional banking. Most well-known neobanks include Chime, Varo and Revolut.
🤔:
How do they make money?
Through transaction fees
Varo bank could be bankrupt soon
Varo bank was the first neobank to be granted national bank charter
Could be out of money by the end of the year (at a burn rate of $84 million per month)
CEO Colin Walsh claims they do not need to raise more capital and can reach profitability and by changing variable, discretionary investment costs