Dave wants to save you from expensive overdraft fees

Meet Dave: an #AI dressed up in a bearsuit that's just launched to save you from the evils of expensive overdraft fees. Hand Dave access to your checking account and the app's machine learning algorithms will get busy crunching your spending data so the bear can warn you about pending transactions w… [Read More]

Summary… * Machine-Made


Meet Dave: an #AI dressed up in a bearsuit that’s just launched to save you from the evils of expensive overdraft fees.
So, in essence, Dave is about rebranding the roundly hated bank overdraft fees, which apparently do nothing except enrich banking giants, and trying to replace them with feel good donations attached to a worthy cause.
The idea for Dave came about because Wilk says he and a couple of his co-founders were “chronic overdrafters” in college.
Users log into the app with their checking account, with Wilk noting the app currently supports “about 3,000 institutions”.
And considering how much personal and sensitive data is contained in a person’s bank account — e.g.

Opinion… * Man-Made


If it’s hard to keep track of your electronic payments, #AI saves you from expensive overdraft fees. #FinTech #Trend

Source: Techcrunch