Dave Inc. announces the full implementation of CashAI v5.5, enhancing their AI-driven cash flow underwriting engine. The new model doubles CashAI’s features, leading to higher approval amounts, improved conversion rates, and lower delinquency and loss rates. The company trained v5.5 on 7 million recent ExtraCash™ originations, resulting in more accurate risk ranking. This update is expected to expand access to ExtraCash™ for Dave members and improve credit performance, with full benefits expected in the fourth quarter and beyond. CashAI analyzes credit risk in real-time through automated cash flow data analysis, leveraging insights from 150 million ExtraCash™ originations. Dave aims to provide better credit access and level the financial playing field for Americans through this technology.

Read more at GlobeNewswire: Dave Introduces CashAI v5.5