the banks would care. less money spent on security or dealing with clients who had their money stolen
Users that try to use mobile apps as if they were web apps, disabling location, and security features are just flagged by numerous security mechanisms.
In other words, the correlation is that older people are more likely to have a rooted phone and are more susceptible to fraud.
Dunno how widespread this is, just something to keep in mind.
Dug it up. Alfred Whitehead:
It is a profoundly erroneous truism, repeated by all copy books and by eminent people when they are making speeches, that we should cultivate the habit of thinking of what we are doing. The precise opposite is the case. Civilization advances by extending the number of important operations which we can perform without thinking about them.