Carefull and Nationwide announce pilot for financial caregivers
Carefull announced a pilot program with Nationwide and their Innovation team, leveraging access to Carefull’s safe money monitoring technology.
Founded in 2019, Carefull’s platform will help select caregivers by analyzing their checking, savings, and credit card accounts for issues that can affect their finances, such as late or missed payments, behavior changes, and mistakes, unusual banking activity, cash transfers, and charitable contributions that unknowingly recur. Users of the technology—including seniors, select family members and caregivers who support them—can receive notifications if any fraud or issues are detected.
“We are always looking for ways to provide extraordinary care to our members and we think teaming up with Carefull, is a great way to help us deliver on our Nationwide promise. Being able to do more for our members during their caregiving journey is what we are most excited to lean into and improve.” – Bobbi Jo Allan, vice president of digital product management & innovation at Nationwide.
“The Nationwide team knows that supporting caregivers and older adults in this environment means more than educational pamphlets; it means offering customers industry-leading monitoring, family communication and identity protection technology. We now know that financial caregiving is as much as a 20-year need, so it’s fantastic to see Nationwide offer the latest technologies and step up with a system that empowers both older adults and those who support them.” – Todd Rovak, Carefull co-founder.