Financial Wellness for Employees: Insights from Five Fintechs
Employer-channel fintechs play an increasingly crucial role in supporting employees’ financial health through products like low-cost loans, and financial coaching. The Financial Solutions Lab partnered with the Social Policy Institute at Washington University in St. Louis to examine the uptake, usage, and impact of five companies: Brightside, HoneyBee, Manifest, MedPut, and Onward.
What We Know to Be True: Making Informed Benefits Decisions in Uncertain Times
During a pandemic, unexpected expenses or unplanned loss of income can have a devastating impact on a household’s day-to-day financial management. Employers have an opportunity to steward their resources more effectively into responsive and informed investments to aid employees’ long-term financial health.
Better for Employees, Better for Business: Providing the Tools to Meet the Financial Health Needs of Employees
Many employees are financially stressed and are looking to their employers for support. In this infographic, we focus on employees’ needs for financial guidance, emergency savings, and debt management benefits. By providing support in these areas, employers can distinguish themselves, improve worker engagement, and help employees to thrive.
Credit Union Spotlight: Measuring to Improve Member Financial Health
These case studies highlight our measurement of transactional indicators with three credit unions, enabling them to drive positive impact for their members and their businesses.
Consumer Financial Hardship Study
Provided by TransUnion, this research examines the financial effects of the coronavirus pandemic, providing essential and timely insights into how consumers have fared.
Something Old, Something New
The features of the financial services landscape that have brought today’s consumers convenience, reduced friction, and easily accessed revolving credit have now been with us for so long that we view them as fixed infrastructure. These gains have been accompanied by a loss of some of the tools and habits of mind that helped the grandparents and great-grandparents of today’s Millennials make it through two world wars and the Great Depression.
Webinar: What Your Customers Actually Want: Customer Satisfaction and Financial Health
The last in a three-part series, this conversation explored the connections between financial health and metrics that define what it means to be competitive in the financial services ecosystem.
2018 Member Summit Resources
Resources and presentations from the 2018 Member Summit, October 4-5, 2018 in Chicago, IL.
Liability, Transparency and Consumer Control in Data Sharing
With industry leadership and regulatory support, there is an opportunity to build a liability framework for financial data sharing to support consumer protection, innovation and market growth.
Secured Credit Cards: Establishing a Path for New Immigrants
Secured credit cards can be an effective way to build U.S. credit history and thereby access affordable credit products and fully benefit from inclusion in the U.S. financial system.
Global Financial Health Framework
This paper expands upon the Financial Health Network's initial financial health research and applies it to a global setting.
Dispatch from D.C. February 2017: A Look Ahead
The Financial Health Network Comment Letter on Proposed Guidance for Third-Party Lending
The Financial Health Network is submitting this letter in response to the request for comments on the “Proposed Guidance for Third-Party Lending” issued by the Federal Deposit Insurance Corporation (FDIC) and published on July 29, 2016.
Profiles in Innovation – The Financial Solutions Lab
With the Financial Solutions Lab, the Financial Health Network and JPMorgan Chase are bringing innovators, industry players, researchers, and bank executives to the table to make technology part of the financial health equation.
A Financial Solutions Lab Brief on Household Cash Flow Challenges
This brief explores the challenge of household cash flow challenges, its impact on financial health, and the opportunity for innovation.
Coming Up Short Infographic
Over 100 million Americans encounter difficulty managing their household cashflow. This infographic illustrates some of the challenges these households face and describes how the Financial Solutions Lab can help to improve their financial health.
The Financially Unengaged, a Consumer Financial Health Segment
A whopping sixteen percent of the country is unengaged with their financial situation. This segment earns its name from these consumers’ lack of awareness about their financial lives and their low level of engagement with traditional financial services.
Investment Activity in Fintech for the Financially Underserved
This report examines the significant volume of recent investment activity in the FinTech market for financially underserved consumers. This consumer finance segment is a dynamic and growing space.
Prepaid Cards and Consumer Protections
Millions of underbanked Americans have found prepaid cards an effective way to meet their basic financial services needs.
A Fundamental Need: Small-Dollar, Short-Term Credit
Learn how the increased scrutiny recently placed on the payday loan industry has underscored the need for innovation and motivated financial services providers to develop solutions.
Accessing the American Dream: Utilizing Affinity Marketing to Reach Underbanked Populations
This report addresses the extent to which traditional affinity marketing models apply to underbanked segments while exploring the nonprofit community's role in marketing and distributing financial services.