Elder Abuse, Fraud Prevention and Wires

Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

PYMNTS

JANUARY 25, 2019

Victims can end up wiring money to the scammers as a result.”. That’s thanks not only to personal experiences with their own or other people’s grandparents, but to financial institution training programs aimed at fraud prevention. Bank Defense. The customer said he had been in a car accident while vacationing in Mexico.”.

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Scams Federal Trade Commission Treasury Fraud Prevention

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

CB Insights

JULY 25, 2019

Startups are now eyeing opportunities to develop fintech services aimed at helping older individuals improve their financial well-being, from estate planning to fraud prevention, aiming to provide this potentially lucrative — and increasingly tech savvy — demographic with more power over their finances. Source: Deloitte.

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Banks Fight Back Against ‘Fake Grandchild’ Scammers Who Target Seniors

Step Aside, Millennials — Why Fintechs Are Targeting Baby Boomers & Retirees

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