Fintech Founder Q&A: EverSafe
Financial fraud is a massive issue when it comes to money management for senior citizens. More than one in four victims of financial fraud in the U.S. are over the age of 60, according to FTC data. But for the longest time, not much has been done to help prevent this theft from happening. When […]
Financial Solutions Lab Welcomes Its 2017 Class
We are excited to announce the eight organizations just named to the 2017 class of the Financial Solutions Lab (FinLab) at the Financial Health Network with founding partner JPMorgan Chase & Co. These organizations represent the most promising group of early-stage financial technology innovators that are improving Americans’ financial health. The Financial Solutions Lab winners […]
Expert Interview: Tom Brown, Fintech Attorney at Paul Hastings
Tom Brown is a partner at Paul Hastings LLP and a deeply experienced fintech attorney who works closely with the Financial Health Network and all of our Financial Solutions Lab companies. He graciously took a few minutes to discuss the regulatory and legal framework in which founders of these businesses need to operate, providing an […]
Fintech’s Missed Opportunity: The Needs of People of Color
The financial technology sector is huge and growing–in 2016, $12.7 billion was invested in fintech according to CB Insights. Whether they are disruptors of the traditional banking system, working with robo-advisors to help consumers invest smarter easier, or making credit-building easier, many new startups are focused on young, technically-literate millennials, who are now the largest […]
Financial Solutions Lab Snapshot Appendix – Funding in Fintech
This post is a follow-on to our recently released Financial Solutions Lab Snapshot, a report in which we identified industry insights, trends, and analyses based on Financial Solutions Lab’s 356 applicants in 2016. In this post, we’ll share more of our funding related applicant data and call out what we think these data imply. As we […]
Financial Solutions Lab Snapshot: Innovations in Helping Consumers Weather Financial Shocks
Over the last year, more than 100 million American households experienced a financial shock. This year the Financial Solutions Lab’s second $3 million challenge was seeking solutions that could help Americans to weather such shocks.
Five Reasons Why #FinHealthMatters (Or Should) to Innovators
Building products that help consumers improve their financial health is hard. Finance is complex, the space is regulated, and consumers tend to be reserved about sharing their financial information, limiting viral loop options. So why would anyone try to build a product in this space instead of another food delivery app? Here are five reasons […]
Three Things Innovators Should Know About Prepaid
Three Things Innovators Should Know About Prepaid Millions of Americans–whether they have bank accounts or not–depend on prepaid cards to take more control over their financial lives in a way that cannot easily be done with cash alone. High-quality prepaid products are a critical component to the financial health of those who use them to […]
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.
Financial Solutions Lab – Helping Americans Weather Financial Shocks
The 2016 Challenge topic of the Financial Solutions Lab is Helping Americans Weather Financial Shocks. This issue brief introduces the topic, the reasons it is an important problem to solve, and some innovative approaches to doing so.
Financial Solutions Lab Q+A with Puddle
Financial Solutions Lab sat down with Jean Claude Rodriguez-Ferrera, Co-Founder of Puddle, one of Financial Solutions Lab’s 9 winners, to talk about FinTech and Finhealth. What made you start your company? There’s nothing more powerful than a community that trusts you. I discovered this some years ago by working with different communities who shared money […]
Four Ways to Make a Better Digital Experience for Consumers
While digital platforms make it easier to reach a larger number of consumers, it doesn’t always mean those consumers will choose your product or even continue to use it once they do. Gavin Michael, Head of Digital for Chase, offers the best practices that have helped his team transform the way they interact with their […]