LOS
ANGELES, Feb. 13, 2024 /PRNewswire/ -- Dave Inc.
(Nasdaq: DAVE), one of the nation's leading neobanks, today
announced it has become the newest member of the American
Fintech Council (AFC), the premier industry association
representing responsible fintech companies and innovative banks.
Dave joins a diverse group of AFC members to progress fintech
innovation, focusing on creating inclusive digital banking services
and products for consumers not well-served by incumbent banks.
"Our members are setting the standard for the responsible use of
innovation to increase competition in financial services that
improves access for families long forgotten by traditional
financial institutions," said Phil
Goldfeder, CEO of the American Fintech Council. "Dave is
leading by example and democratizing financial services by creating
fair, transparent and equitable services. Their team will add an
important voice to our growing chorus of members focused on
inclusion and responsible innovation for the future of
finance."
"Dave is proud to join an association that prioritizes financial
inclusion and responsible banking as more Americans turn to digital
banks for seamless experiences, financial education, and innovative
products," said Jason Wilk, CEO and
founder of Dave. "Fintech was born out of the realization that
traditional banking was not keeping pace with the needs of the
American consumer. By uniting our efforts with the AFC's growing
network of innovators, we envision a positive future for accessible
financial solutions in fintech."
As a member of the AFC, Dave plans to be an essential voice in
support of regulators' development of transparent and consistent
frameworks for the fintech industry, as digital banking gains
momentum. Dave looks forward to advancing the dialogue on access to
banking and short-term credit, inclusive finance, and regulatory
compliance. Since 2016, Dave has been a leader in providing
short-term liquidity to consumers to cover expenses between
paychecks. Dave enables a comprehensive and accessible banking
experience regardless of a person's income, on its mission to level
the financial playing field.
AFC collaborates with policymakers and regulators to develop
unified and consistent approaches to regulation. They encourage the
development of a modern regulatory framework that creates access to
financial services without compromising on compliance or consumer
protection. AFC consistently advocates on issues that are crucial
to developing a more inclusive financial services industry,
including improved data sharing and the development of an open
banking ecosystem, as well as the expansion of innovation efforts
that allow consumers to live their best financial lives.
About Dave
Dave (Nasdaq: DAVE) is a leading U.S.
neobank and fintech pioneer serving millions of everyday Americans.
Dave uses disruptive technologies to provide best-in-class banking
services at a fraction of the price of incumbents. Dave partners
with Evolve Bank & Trust, a FDIC member. For more information
about the company, visit: www.dave.com. For investor
information and updates, visit: investors.dave.com and
follow @davebanking on X.
About the American Fintech Council
AFC is the premier
trade association representing the responsible Fintech companies
and innovative banks. Our mission is to promote a transparent,
inclusive, and customer-centric financial system by supporting
responsible innovation in financial services and encouraging sound
public policy. You can learn more
at www.fintechcouncil.org.
Dave Media Contact
Kira
Sarkisian
press@dave.com
American Fintech Council Media Contact
Phil Goldfeder
press@fintechcouncil.org
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SOURCE Dave Inc.
