Kalgera: Help protect the financial wellbeing of vulnerable people

Innovative app protecting vulnerable people against financial harm

WORDS FROM KALGERA

Kalgera - help secure financial wellbeing Money worries and risks like fraud and scams are affecting an increasing number of people, especially those most vulnerable. In 2017, the Financial Conduct Authority (FCA) found that half of UK adults show signs of financial vulnerability. This means that over 25 million people in the UK would be unlikely to cope with financial stress. Individuals who do better during times of crisis are more resilient because they put financial plans in place in advance. This includes seeking advice and support from professionals or people they trust like a partner, close relative, carer or friend.

Every year, people in the UK lose £1.2 billion to fraud and scams. Social isolation, stress, mental health conditions, as well as memory and thinking problems make us more likely to suffer a scam. Age UK found that nearly 5 million older people are targeted by fraudsters each year. Falling victim to one scam increases the risk of another affecting the physical and mental wellbeing of all involved.

WHAT IS KALGERA?

Kalgera is an online app that securely connects bank accounts and alerts loved ones, carers or friends if suspicious activity is detected. Simple messages to a smartphone, laptop or tablet provide peace of mind online and offline.

OUR STORY

Dr Dexter Penn, a UCL dementia researcher, assembled a world-class team of professionals in finance and technology all dedicated to improving the quality of the lives led by vulnerable people. Kalgera’s team are experts in technology architecture, financial regulation, banking, fintech, disabilities, fraud, data science and most importantly people with experience in caring for vulnerable people.

OUR PURPOSE, VISION AND MISSION

Purpose: To connect the world with the safest, most inclusive, appropriate, and personalised financial services.

Vision: A world in which individuals have the peace of mind that their financial wellbeing is safeguarded. Mission: To help families and financial institutions better protect and serve vulnerable people.

HOW CAN KALGERA HELP?

Dr Dexter Penn, a UCL dementia researcher, and his team of experts developed an easy to use tool to address the serious problems vulnerable people face every day. No matter how convincing the fraudster’s story, Kalgera’s smart technology helps protect them from financial losses by: