Summary of AI Will Give Rise to FinTech 2.0 and Longevity Banks

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

AI Will Give Rise to FinTech 2.0 and Longevity Banks summary

Editorial Rating



  • Overview
  • Visionary


Everyone knows that people are living longer. But are individuals, businesses and institutions prepared for longer retirements? Technology professional Margaretta Colangelo suggests that most financial services companies are still overlooking this longevity shift, and she maintains that emerging technology offers some solutions. Her illuminating report showcases new developments in ”AgeTech” that offer a view into what the future of banking, investments and pensions might look like.

About the Author

Margaretta Colangelo is co-founder & CEO of Jthereum, an enterprise blockchain technology company, and the president of U1 Technologies, an enterprise software firm.


The financial industry has neglected an entire market: seniors.

The financial services sector has ignored a ripe market right under its nose: people aged 60 and older. Even fintech newcomers have preferred to focus on younger generations. However, the over-60 demographic is currently the wealthiest segment of the financial ecosystem. This group consists of around one billion people, and their collective spending in 2020 reached $15 trillion.

Older people seek a viable and secure retirement, and it is clear that their increasing longevity will affect how they manage their wealth. To attract older cohorts, financial services...

Comment on this summary

More on this topic

The Financial Services Guide to Fintech
Blockchain Babel
Covid-19 Has Scrambled Fintech’s Winners & Losers
Creating a More Digital, Resilient Bank
Every Company Will Be a Fintech Company
Perpetual Debt in the Silicon Savannah

Related Channels