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Elder fraud: Preventing elder financial exploitation at your institution

Abrigo

As the global population of individuals aged 60 and over is projected to increase by 38% between 2019 and 2030, elder abuse and elder financial exploitation (EFE) are becoming increasingly prevalent issues. The National Council on Aging estimates the annual cost of elder fraud to be closer to $36.5

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JP Morgan Creates $100B Funding Arm To Help UN

PYMNTS

JPMorgan has created a $100 billion funding arm — the JPMorgan Development Finance Institution (DFI) — to expand investments in emerging markets and help the United Nations (U.N.) The DFI will be headed by Faheen Allibhoy, a country manager responsible for JPMorgan’s West African division. The investment gap is roughly $2.5

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Former Restaurant Execs Seek $230M For SPAC

PYMNTS

The New York-based corporation, composed of eight experienced restaurant owners, is seeking to raise up to $230 million for a blank-check company, according to a filing with the Securities and Exchange Commission (SEC). Greg Golkin, managing partner at Kitchen Fund, is named as president. Chang’s China Bistro Inc.,

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Grab Creates Accelerator For Vietnam Startups

PYMNTS

Grab Ventures Ignite will nurture and support promising Vietnamese startups in their journey to become national champions in Vietnam’s tech startup ecosystem, in line with the government’s national strategy to create 10 technology unicorns by 2030,” Grab said in a statement.

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TRENDING: Why Grocery Stores Want Autonomous Vehicle Delivery

PYMNTS

In the November Intelligence of Things Tracker , PYMNTS examines the forces pushing IoT adoption forward, the security risks holding it back, and how public and private sectors seek to strike the right balance. Recently, the National Institute of Standards and Technology drafted a report advising federal agencies on IoT security.

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Cross-Border Payment Efforts Look To The Blockchain And Beyond

PYMNTS

Separately, in other company news, Canadian FinTech Buckzy Payments announced its launch earlier this week, eyeing international payments through what it has termed a “safe, secure and convenient ecosystem.”. Bill.com noted it has three million customers in place and manages $60 billion annually in payments volume. Canada and Asia.

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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. In what's now being referred to as the "Age Wave," ten thousand baby boomers will turn 65 every day until 2030, creating a larger pool of potential victims for fraudsters and scammers. Learn More.

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