We Asked Daves About Dave, Marcus, and Other First Name Money Apps

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Can these customers count on getting the help they need? (Until now, none of the start-ups have called him for advice.)

The question is met by fairly recent history.

Robinhood’s trading platform and messaging system molten when the markets turned earlier this year. Users were outraged by the lack of response when GameStop completely cut out certain trades during its saga.

Dozens of lawsuits concludedas well as a number of investigations, including the biggest fine imposed so far by the Financial Sector Regulatory Authority. A lawmaker during a congressional hearing in February Called Robinhood’s automated hotline – and got a recorded message telling him to send an email. (The company has promised to improve customer service.)

Perhaps the most intriguing thing about the emergence of these start-ups is the wildly different ways they presented themselves to the world for the first time. Some took their cues from old digital bank startups. AlliedThey adopted the concepts they adopted in their branding with names such as aspiration and more provocatively, revolution.

Then there are Dave and the guys, who took a broad view with the digital bank that Charles Schwab and the digital bank introduced years ago after low-cost brokerage services. He gave advice to anyone who would listen”talk to Chuck

Goldman Sachs could buy almost any URL with all its riches. choosed MarkusAfter Marcus Goldman (bad luck, Samuel Sachs) as the bank, the excellent Wall Street company tried to put a friendly face on a new retail banking operation.

Another application, Albert has a standard. bank card offer plus what he calls a service”Albert Genius“The company is backed by a team of human finance experts. (Dave Davies’ legal name is Albert, by the way.)

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