Problem:
Elder financial abuse is a growing issue and credit unions hold much of the data that can be used to prevent it.
Solution:
Alert system to help prevent senior financial abuse by leveraging a credit union's existing core processor or BSA analysis tools.
Test Results:
Piloted at Bellco credit union for nearly two months. Multiple red flag situations were identified that led to elder member intervention.
Getting Started: Contact us to learn more about this idea from Filene i3.