Fintech for Seniors: It's Just the Beginning - Rapidly Growing Population of Older Adults Represents Market Opportunity for Fintech Innovation in Financial Services - ResearchAndMarkets.com

DUBLIN--()--The "Fintech for Seniors: It's Just the Beginning" report has been added to ResearchAndMarkets.com's offering.

This report addresses the market opportunity for financial technology innovation in products and services to serve the needs of the rapidly growing population of older adults or "seniors."

There are now nearly 50 million residents over the age of 65 in the United States, a number the U.S. Census Bureau estimates will more than double by 2060. Increased longevity and continued growth in the senior population will require innovative solutions for the industries that target this segment.

Thus far, much financial technology (fintech) innovation for this population segment has been concentrated in healthcare and home automation, while innovation in banking and payments has been targeted more toward the Millennial generation.

There are some promising examples of fintech innovation for the senior market, particularly applications giving seniors more control over their finances and technology for financial protection.

Report Highlights

  • Growing use of technology, with limits, by seniors
  • Innovation in healthcare and aging in place
  • Product design imperatives for the senior market-three themes
  • Fintech innovation in the broad senior market
  • Solutions targeting affluent and high-net-worth seniors
  • Ecosystems and sustainable innovation in the older adult market
  • Strategic implications for financial institutions and fintech providers

Companies Mentioned

  • Abaris
  • Amazon
  • Bank
  • EverSafe
  • Golden
  • Guide Change
  • Ready
  • Set
  • SilverBills
  • Silverwealth
  • TrueLink Financial
  • U.S. Trust (Bank of America)
  • Wells Fargo

Key Topics Covered

1. Executive Summary

2. Introduction

  • Growing Use of Technology, with Limits
  • Innovation in Other Sectors

3. Product Design Imperatives for the Senior Market

4. Essential Product and Service Design for Older Adults: Three Themes

  • Theme 1: Provide the Basics: Accessibility and Usability
  • Theme 2: Incorporate the Core Values of Older Adults
  • Theme 3: Focus on Outcomes and What's in It for the Older User

5. Innovation in Healthcare and Aging in Place

  • Rising Healthcare Costs and Health Policies Are Driving Care into the Home

6. Fintech Innovation in the Broad Senior Market Is Starting to Ramp Up

  • EverSafe
  • Golden
  • Ready, Set, Bank
  • TrueLink Financial

7. Solutions Targeting Affluent and High-Net-Worth Seniors

  • Wells Fargo Private Bank
  • US Trust ElderCare Planning

8. Ecosystems and Sustainable Innovation in the Older Adult Market

  • Amazon Alexa

9. Strategic Implications for FIs and Fintech Providers

  • The Financial Institution as a Financial Partner
  • Natural Language Interfaces as an Emerging Ecosystem

For more information about this report visit https://www.researchandmarkets.com/research/49zhtw/fintech_for?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Software

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Software