We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a new data set that uses subjective consumer responses to survey questions and pairs that information with actual data on their financial transactions. The regularly refreshed data is designed to give industry, researchers, and policymakers better insight into consumers’ financial lives by providing more accurate metrics for assessing changes over time. The new initiative, which they call “Financial Health Pulse,” aims to bring the siloes of a consumer’s financial life into one comprehensive picture, encompassing “income, spending, savings, debt, retirement, and credit scores.”
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Fintech and the Search for Full Stack Financial Inclusion
We’re encouraged by Federal Reserve Governor Lael Brainard’s commitment to financial health. During her remarks at FinTech, Financial Inclusion – and the Potential to Transform Financial Services, a conference hosted by the Federal Reserve Bank of Boston and the Aspen Institute, she said, “This April, the Center for Financial Services Innovation announced the launch of a […]
