Why do payday lenders gouge people who need the money most with 800% interest? Or more? Ditto with those who charge sky-high APRs above 30% on credit cards.
Enter the guest on the latest episode of Bankadelic, Ryan Duitch, founder and CEO of Arro. Duitch is working on a way to help consumers fight back and learn financial responsibility along the way. Arro’s financial concierge Artie uses AI and behavioral science to teach users sound habits and achieve financial wellness. Duitch walks us through the traps people face as they struggle to make ends meet, and how his gamification approach literally aims to change the game in financial services.
To hear this episode of Bankadelic, click here.
To check out the Bankadelic archive, click here.
Connect with Lou Carlozo on LinkedIn or email lou@qwoted.com
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