SilverSafe

Comprehensive Elder Financial Security Solution

Overview

SilverSafe helps financial institutions comply with regulations and protect seniors from financial exploitation.

SilverSafe is Finovifi's advanced platform designed to help financial institutions meet compliance obligations while protecting their senior customers from financial exploitation. Leveraging real-time dark web monitoring and a data-driven approach, SilverSafe proactively identifies compromised personal and financial information specific to elder account holders, ensuring swift response and risk mitigation.

Product Features

Proactive Dark Web Monitoring:

SilverSafe scans the dark web for compromised credit card information, PII, stolen checks, and breached email addresses tied to elder customers.

2. Customizable Customer Enrollment:

Financial institutions can upload a curated list of elder customers to receive targeted protection, enhancing compliance and operational efficiency.

3. Regulatory Compliance Support:

Designed to align with guidelines from agencies such as the Consumer Financial Protection Bureau (CFPB) and the Federal Deposit Insurance Corporation (FDIC), SilverSafe assists institutions in fulfilling elder financial protection requirements.

4. Broad Applicability Across Financial Entities:

In addition to banks and credit unions, SilverSafe is suitable for finance companies and other institutions subject to regulatory oversight, expanding its relevance and impact.

5. Integrated Module Approach:

As part of the broader Finovifi Fraud Exchange ecosystem, SilverSafe can be added seamlessly as a new module under FraudXchange, enabling easy adoption and deployment.

Why SilverSafe?

Enhancing Elder Financial Security

By flipping the traditional model of passive fraud detection, SilverSafe™ actively seeks out compromised elder customer data and empowers financial institutions to intervene before damage occurs. (Note: See the CFPB's lawsuit against Comerica Bank for failing disabled and older Americans, underscoring the critical need for robust elder financial protection solutions.) With SilverSafe™, financial institutions are not just meeting regulatory requirements—they are setting a new standard for elder financial security.