Personetics Act will be offered to banks as a way to help their customers pay off their student loans ahead of schedule; the tool will use the Nudge Theory by identifying students who can repay loans quicker and helping them to do so or automatically pay more than the usual payment for them; David Sosna, Personetics’ co-founder and CEO tells Banking Technology, “we’re able to identify windows of opportunity for customers to make these extra payments with no effort on their end.” Source.
