Though elderly fraud is becoming far too common, banks and credit unions may be the key to helping solve this problem.
Advisor to fintechs, banks, credit unions, and investors at Cornerstone Advisors. Business grower, public speaker, and writer. Creator and host of Fintech Hustle podcast and contributor to GonzoBanker.
💥$38 billion stolen in frauds and scams 💥$1 billion annual revenue opportunity identified by Ron Shevlin for bank and credit union products/services to solve 💥Bonus (note the chart): Most of the market already interested Check out the huge opportunity for banks, credit unions, and fintechs to improve both their revenue and operational risk by helping people protect their loved ones.....while getting the reputational and strategic risk benefits of helping! (Free research report download link in the comments.) EVERY time personal friends of mine mention their financial institution positively (privately or publicly on social media), it's been because of a fraud or a scam that was detected. As a really smart bank exec (and Fintech Hustle podcast guest) Erin Simpson pointed out, deposits may be the topic of the LAST year, but fraud is the topic of the NEXT year. Tara Schultz John Meyer Sara Seguin Tristan Green Steven Kravit Pawan Murthy Zach Duke Wayne Miller Charles Potts Kathryn Cook Will Furrer Mary Wisniewski Kelly A. Brown Nathaniel Harley Al Dominick Susan W. Salecky Parilee Edison Wang Laura Broderick