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Dave really wants to help save you from costly overdraft costs

Dave really wants to help save you from costly overdraft costs

Meet Dave: an AI decked out in a bearsuit that is just launched to save lots of you against the evils of costly overdraft charges. Hand Dave usage of your bank account as well as the app’s device learning algorithms can get busy crunching your spending data and so the bear can alert you about pending deals — like a month-to-month membership for Netflix or your typical Saturday evening Uber bill — which can push you in to the red and incur a bank penalty that is expensive.

The US-only software predicts a user’s “7 Day Low”, aka the best it believes your bank stability will drop within the next a week, to be able to encourage and help better cash administration. (más…)