Empowering older and vulnerable people to maintain their financial independence in a protected and trusted environment.
A missed payment, a fraudulent cash transfer or an inappropriate purchase are not just random events or someone else’s problem; there are opportunities before a problem escalates into a crisis. We created TrustLink to highlight that financial protection and independence is a gift to yourself and your loved ones
Delia Sabau - Co-Founder & CEO TrustLink
Doctors protect your health, TrustLink protects your wealth
TrustLink’s easy to use monitoring platform runs uninterrupted in the background and does not require any technological knowledge. Account holders do not need to learn how to use the application, as it is their caregivers or family members who can interact with the platform in order to solve the alerts.
Financial Exploitation is a problem in America
Elder financial exploitation is a growing problem facing the older population. As many as one in five older Americans are victims losing on average more than US$ 120,000. Collectively, older Americans lose more than US$ 3bn annually to financial exploitation, whereas financial institutions lose US$ 1bn a year in bank deposits based on reported cases.
Older Americans are targeted not only because they hold two-thirds of all bank accounts totaling over $30 trillion of investable assets, but also because they are more likely to suffer from cognitive decline making them vulnerable to exploitation.
Large-scale cognitive screening
The World Health Organization (WHO) puts the annual global cost of caring for people with dementia at $2 trillion by 2030, a total that will overburden healthcare institutions and social services worldwide with severe medical, financial, ethical, emotional, and physical implications for both society and the patient.
Due to limitations related to the healthcare system nearly half of all diagnoses are made in the moderate-to-severe stages of dementia, where the underlying disease has progressed beyond an optimal therapeutic solution leading to a 99.6% failure rate. It is therefore in the best interest of patients, physicians, and healthcare systems to implement large-scale cognitive screening that optimizes the early and accurate detection of deterioration.