Co-operative Bank

Carefull Raises $16.5 Million to Scale Financial Safety Platform for Older Adults and Their Families, Helping More Banks and Financial Advisors Protect Aging Customers From Fraud and Money Mistakes

Retrieved on: 
Wednesday, October 11, 2023
Transfer, Fraud, PRT, Family, Churn, American Bankers Association, General partnership, Ageing, Dementia, Growth, The Co-operative Bank, Co-operative Bank, Contact lens, Cryptocurrency

NEW YORK, Oct. 11, 2023 /PRNewswire/ -- Carefull, an AI-powered financial safety platform that helps banks and wealth advisors protect aging customers from scams and money mistakes, today announced that it has closed its Series A round with $16.5 million in funding. The round was led by Fin Capital and joined by Bessemer Venture Partners, TTV Capital, Commerce Ventures, Montage Ventures, and Alloy Labs, bringing the company's total funding to $19.7 million.

Key Points: 
  • "There are now 45 million people across the country who are tasked with managing an aging loved one's money, and older Americans lose $37 billion annually to fraud and money mistakes.
  • The growing role of the financial institution to help families here cannot be understated," said Todd Rovak, Co-founder and Co-CEO of Carefull.
  • "Banks, wealth advisors, and financial caregivers need a solution that customers actually want to use," added Carefull Co-founder and Co-CEO Max Goldman.
  • Over the past year, Carefull has rapidly expanded its footprint to include more than 35 financial institutions and advisor groups.

Smart Payment Solutions Provider Tianyu to Showcase Latest Products at Seamless Middle East

Retrieved on: 
Tuesday, May 23, 2023
SIM, Exhibition, Telecommunications, Tunisie Telecom, Booth, USIM, POS, Point, MEA, MiFi, KCB Bank Kenya Limited, Belt and Road Initiative, Co-operative Bank, Ethio telecom, Nilson, Growth, Belt, Maroc Telecom, Environment, BPR Bank Rwanda Plc, CPE, Mobile phone

Osama Al Biqawi, MENA Regional V P of Tianyu, has also delivered a speech themed "Smart card and device solution" on the Seamless Launchpad.

Key Points: 
  • Osama Al Biqawi, MENA Regional V P of Tianyu, has also delivered a speech themed "Smart card and device solution" on the Seamless Launchpad.
  • With its robust technological capabilities, Tianyu has established itself as a prominent player in the financial technology industry, particularly with its flagship smart payment terminals and smart cards.
  • Specifically, the Company was ranked among the world's top four smart payment terminal players globally by market share, according to a 2022 Nilson report.
  • In the Middle East, Tianyu has successfully expanded its business in Kuwait, Saudi Arabia, Jordan, Sudan, and more, with notable customers using its smart cards and POS terminals.

Mastercard, KnowBe4, Perfios, Daon and many other tech giants to define the biggest fintech show in Africa

Retrieved on: 
Thursday, June 9, 2022
WFIS, Digital banking, KICC, Gulf African Bank, Prime Bank Limited, NCBA Group Plc, Payment, Absa Bank Kenya Plc, CEO, Daon, Partnership, FSI, Organization, Ecosystem, Solution, Standard Chartered, Institute for Development and Research in Banking Technology, Growth, Mastercard, Equity Group Foundation, Co-operative Bank, Technology, Digital transformation, CIO, National bank, African Development Bank, Adoption, RPC, MD, Industry, Population, Kenyatta International Convention Centre, Stanbic Bank, JACK, Transaction banking, Financial technology, Smartphone, World, Video game, Mobile phone, Online shopping, Head, Insurance, African, Ecobank

Nairobi, June 9, 2022 - (ACN Newswire) - The world is now gravitating towards digital financial services and so is Africa with the rampant growth in smartphone adoption and internet penetration.

Key Points: 
  • Nairobi, June 9, 2022 - (ACN Newswire) - The world is now gravitating towards digital financial services and so is Africa with the rampant growth in smartphone adoption and internet penetration.
  • As per several reports, 48% of African banks are transitioning towards becoming digital-first and therefore opening a huge market for financial technology.
  • "Mastercard is proud to be sponsoring the World Financial Innovation Series for the second year in a row.
  • As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Carefull To Provide Safe Money Monitoring for The Cooperative Bank's Senior Customers

Retrieved on: 
Monday, October 25, 2021
SVP, Technology, Industry, Co-operative Bank, CIO, Fraud, Partnership, Caregiver, The Co-operative Bank, Sexual abuse, Communication, Ageing, Intention, CEO, Nation, Parent, Residential care, Bank, Health insurance

BOSTON, Oct. 25, 2021 /PRNewswire/ -- Carefull , the first service built to organize and protect older adults' daily finances, today announced a partnership with Boston-based, The Cooperative Bank (TCB) to provide its customers with safe money monitoring technology.

Key Points: 
  • BOSTON, Oct. 25, 2021 /PRNewswire/ -- Carefull , the first service built to organize and protect older adults' daily finances, today announced a partnership with Boston-based, The Cooperative Bank (TCB) to provide its customers with safe money monitoring technology.
  • Carefull is thrilled to become a Financial Caregiving partner to TCB, on this cutting-edge service for seniors.
  • Through the partnership, TCB will strive to support its senior customers to maintain their financial independence while also giving their "financial caregiver" family members peace of mind.
  • Additionally, other trusted family members and financial professionals can be added to their "Circle" of support to collaborate within the Carefull service and resolve money issues together.

CGI and OP Financial Group Expand Partnership to Include Digital Services for Insurance

Retrieved on: 
Thursday, February 18, 2021
Business models, Organizations, Articles, Mixed economies, Cooperative banking, Cooperative, Market socialism, Housing cooperative, Co-operative Bank, Consumers' co-operative, OP Financial Group, CGI Inc.

CGI will be responsible for developing and delivering digital services for OP Financial Group's insurance operations.

Key Points: 
  • CGI will be responsible for developing and delivering digital services for OP Financial Group's insurance operations.
  • Since 2013, the partnership between CGI and OP Financial Group has grown to include more than 600 CGI professionals working for OP Financial Group.
  • OP Financial Group is Finland's largest financial services group, with two million owner-customers and more than 12,000 employees.
  • OP Financial Group consists of OP cooperative banks, its central cooperative OP Cooperative, and the latter's subsidiaries and affiliates.

In a Time of Crisis, the Sixth Annual Co-op Innovation Award Supports Co-op Expansion and Education

Retrieved on: 
Tuesday, June 30, 2020
Organizations, Market socialism, Mixed economies, Business models, National Cooperative Bank, Cooperative, Capital Impact Partners, Equity, Housing cooperative, Co-operative Bank

We are glad to partner with National Cooperative Bank to use this award as a tool to augment equity and justice for communities nationwide."

Key Points: 
  • We are glad to partner with National Cooperative Bank to use this award as a tool to augment equity and justice for communities nationwide."
  • "The National Cooperative Bank is proud to work with Capital Impact Partners to award these three deserving organizations," stated Charles Snyder, CEO of NCB.
  • "Each one is deeply rooted in their community and will enhance the cooperative model to address income inequality and increase community ownership.
  • "Capital Impact Partners' Co-op Innovation Award will help The Guild democratize ownership of businesses and real estate through a racial equity lens.