Aug 20 2025, 08:15 AM
QUOTE(TOS2 @ Aug 20 2025, 08:03 AM)
The accountant has spoken, indeed I think the same too. You earn more today, you earn less the next day.
The ridiculous thing is their system allow such borrowing of 0.00X amount from one day to the next. Such short-term borrowing is unheard of in any digital bank. Either you round up interest or you truncate at a certain decimal point.
Coupled with their AI thingie, one day sure will have problem down the road. Can complain to BNM? Or maybe ask Ryt AI why you give me less interest today?
possibly to manage expectations only with their natural 2 decimal rounding (up). customers happy (or semi happy), bank bear little risk (manageable)The ridiculous thing is their system allow such borrowing of 0.00X amount from one day to the next. Such short-term borrowing is unheard of in any digital bank. Either you round up interest or you truncate at a certain decimal point.
Coupled with their AI thingie, one day sure will have problem down the road. Can complain to BNM? Or maybe ask Ryt AI why you give me less interest today?
some entitled ppl may complain/cry foul for not getting 0.01 (from 0.005)
if truncate or round down, same entitled ppl may complain bank is cheating their "earned" profit
not sure of ryt using residual balance or not, but it'd be a pain to calculate, track, store, display in the ledger.
yes, all digital, all transparent and easy to do, but very tedious to explain hahahaha
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