Market Overview for Technology for Aging in Place

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Five FinTech Offerings for Older Adults

FinTech – are these tools for seniors?  Some trendy terminology transformations in recent years, for example Voice First and IoT, refer to tech that is relatively new or recently revived.  FinTech, a concatenation of Financial Technology, may be similar.  The category has been generally described as software "designed to be a threat to, challenge, and eventually usurp entrenched traditional financial services providers with the purpose of being more nimble and serving an underserved segment, or providing faster, better service." The next quote sounds a bit ageist, if likely true: "As for consumers, as with most technology, the younger you are the more likely it will be that you are aware of and can accurately describe what FinTech is." Looking at a list of ‘top’ FinTech companies, one might laugh at a company called Robinhood. Don't laugh, though. Charmingly named, Robinhood, which offers free stock trades, is worth $5.6 billion and has more accounts today than eTrade.    

We are the guinea pigs in cars and online

Too much road noise, no self-driving information.  So how safe are self-driving cars for us, those pesky consumers who are also the victims of this tech for tech's sake?  Ask yourself – how would you know? Even the NTSB doesn’t want you to know details of accidents involving Tesla’s Autopilot.  Let’s remember the so-called problem being hustled into the market -- to reduce the most recently cited number (40,000) of deaths from auto accidents. They are astonishingly low already, according to a Rand study, at 1 per 100 million miles traveled. According to the Wall Street Journal article, Tesla promised to release safety data on its self-driving tech regularly starting next quarter, though they have not said what sort of data and what could be gleaned from it -- perhaps in advance of another series (see link) of crashes.

AARP Innovation@50+ LivePitch Announces Caregiving Health Technology, and Financial Technology Finalists

03/08/2017

AARP is pleased to announce the finalists of its sixth Innovation@50+ LivePitch event in the categories of caregiving health technology and financial technology. The 20 startup companies, ten in caregiving health and ten in financial technologies will be part of the dual-pitch event which will be held Wednesday April 12 and Thursday April 13, 2017, at the Computer History Museum in Mountain View, CA. Innovation@50+ LivePitch is unique in bringing together innovative startups pitching before expert judges and AARP members.


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AARP Experts Share Insights at CES

12/29/2016

WASHINGTON, Dec. 29, 2016 /PRNewswire/ -- To further the discussion on how technology and innovation impact the lives of people 50-plus, AARP today reveals its lineup of CES presentations addressing relevant trends from autonomous vehicles to intergenerational technology.

True Link Launches Tech-Enabled Investment Advisory Service for Retirees

11/22/2016

True Link Financial, the leading financial services provider for seniors, today announced the completion of a $3.6 million round of funding with participation from Kapor Capital, Initialized Capital, Symmetrical Ventures, and the Ziegler Link-Age Longevity Fund, LP. This investment brings True Link’s cumulative funding to $7 million in equity and venture debt since the company’s launch in 2012.


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True Link to Acquire Next Step

08/04/2016

SAN FRANCISCO, Aug. 4, 2016 /PRNewswire/ -- True Link Financial, Inc., announced today that it has acquired substantially all of the assets of Next Step Network, LLC., a Florida-based issuer of payment cards to people in recovery from alcohol or drug addiction.


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