Dobot was launched in 2016 and was acquired by regional bank Fifth Third Bank last year; the app is designed to help customers save for larger purchases or unexpected expenses; the difference with Dobot and other apps is they don’t allow a user to gain access to the money right away; this twist is what Fifth Third Bank hopes will help to differentiate their app from others in the market; personal financial management apps have become a core customer offering in the last few years as many banks and fintechs looks to improve their customers financial well being. Source.
