Fifth Third Bancorp is relaunching an app it picked up last year through a financial technology acquisition.
The app, called Dobot, automatically shifts small amounts of the user’s money into a savings account. Users identify a goal – such as a vacation or a downpayment for a house – they set a dollar amount and timeline for their savings, but they attach it to their goal. Dobot uses an algorithm that analyzes the user’s spending habits and sweeps money into a savings account based on their…
