Jason Wilk

Well, I think where we're really helping consumers with AI is around just better access to credit.

So we really pioneered back in 2017 using customers' cash flow information to underwrite them for credit.

Typically, banks are charging you a $34 fee for overdraft.

Very unintelligent approach.

Charge every customer the same fee, regardless of how much you overdraft your account.

And so using the cash flow information gave customers who didn't have a high credit score or thin follow credit score the benefit to be approved just by the virtue of their paycheck and how much income and the solvency they have between paychecks.

So carry that forward several years, we started to introduce AI as another way to analyze all this transaction data.

Because we're starting to generate billions and billions of consumer data points around how much they get paid, their employer, ATMs they go to.

There's so many data points now.

We have hundreds of features on our models, which we call cash AI, which helps customers get approved for credit.

And we've seen loss rates now get down to nearly 1% with our own proprietary model that doesn't use FICO scores at all.

That's been a really exciting thing that we've really pushed the needle on and we could not have not have done that without AI.

Well, I think about Dave at our launch, our loss rate was 10% to 20% back when we were just using a basic rules-based model.

And the average size of our micro loans effectively was $50.

Now we have 1% loss rate with average loan size of over 200.

So 4x the origination size and 90% better on the loss rate side.

There are so many, to be honest.

But honestly, even just depending on where you bank, the types of merchants, the time at which you can buy food, like all these things can be really interesting inputs into your default behavior.

I can't say there's an exact feature of the model, but that could be something you could input into an AI model at the company.

I mean, other than just every time we ship new features in the model, it's gotten consistently better and better.