News | 05.10.19
New Financial Apps Aim to Protect the Elderly
Financial-technology companies are starting to provide online solutions designed to help adult children of elderly parents track their finances and well-being. Such tools often employ artificial intelligence to perform tasks ranging from bill payment to flagging suspicious financial activities. Pioneering fintech services include EverSafe, an account-monitoring tool to combat financial exploitation that is available to customers of Fidelity Investments and Raymond James Financial. Such services are gaining credibility and appeal due to regulatory changes, which are making it simpler for financial institutions to contact relatives of older customers and advise online protection solutions.
Read the full article on The Wall Street Journal