Financial Solutions Lab Announces 2018 Class of Innovators
In January 2018, we issued a call to the marketplace of entrepreneurs in America, seeking a broad range of solutions to improve the outcomes of people in America struggling with their finances. Applicants were strongly encouraged to support diversity in solutions, customer focus, and founding teams. For the fourth year in a row, the Financial […]
Shining a Spotlight on Student Financial Health
#FinHealthMatters Day 2018 April 25, 2018 was the third annual #FinHealthMatters Day. Each year, #FinHeathMatters Day brings attention to Americans’ financial health through a thunderclap of social media activity, news stories, blogs, podcasts and more. Over the past years we have seen 240+ blogs posted, 2,500+ influencers tweeting nearly 6,000 times, and ultimately, close to 27…
Product Innovation to Meet Customer Demand: 5 Tips For Your Institution
By Mindy Hauptman, Managing Director, Consulting Services, Financial Health Network Ready to tackle product innovations in order to improve your customers’ financial health? Financial Health Network Consulting Services is here to help. Request a consultation today. Innovative products result in happy customers, and customer satisfaction drives business. According to CFI Group’s Bank Satisfaction Barometer, products…
From Equifax to Cambridge Analytica: Why financial services must stay ahead of the consumer data curve
By Kaitlin Asrow, Financial Health Network Data breaches have become inevitable in our increasingly digital lives, but unlike other global events — from terrorism to the 2008 economic crisis — they have not yet become a catalyst for market-wide changes to business practices in industries that center on consumer data. But that may be changing. Recent events, from the…
For Students, Financial Health is About More Than Money
It’s no secret that financial challenges play a big role in overall student success and achievement. We must work to find the holistic and streamlined solutions that address the complexity of everyday life in order for students to pursue their dreams.
From Wall Street to Lendstreet: How One Immigrant Was Inspired to Help Americans Improve Credit Scores
This story first appeared on Medium. It took a natural disaster 1,500 miles away from where he was living in New York for R. Jerry Nemorin to upend his Wall Street career and start anew. Five months after the 2010 earthquake that devastated Haiti, killing hundreds of thousands and leaving 1.5 million people without a […]
Starting Up, Starting Out: A Founder Story
Today we’re sharing an interview with Matthew Cooper, co-founder of EarnUp, a member of the 2016 Financial Solutions Lab class. You’re an openly gay fintech founder. How do those two facts relate to each other? Being openly gay has greatly affected my career choices and how I became an entrepreneur. Both my startup journey […]
Fintech and the Federal Government
By Kate Flocken, Financial Health Network For more than 40 years, public policy has been actively promoting financial inclusion and how to enable consumers to have better access to high quality financial services, but the federal and state governments alike have struggled to keep up with the fast pace of change. Last week the Financial…
Innovating to Protect Older Americans Has Never Been More Important
By Liz Loewy As a former elder abuse prosecutor in a large District Attorney’s Office, I witnessed firsthand the devastating effects of fraud in later life. The hundreds of elder financial exploitation cases I handled had a number of things in common. First, many of the cases involved older victims who weren’t able to testify, […]
It’s On: FinLab Launches Fourth Challenge
$250K for each selected startup The Financial Solutions Lab — managed by Financial Health Network with founding Lab partner JPMorgan Chase & Co. — is excited to announce that applications are open for our fourth Innovation Challenge. Selected companies and nonprofits will each receive a $250,000 investment as well as unparalleled access to resources that can help them grow. For…
Checks, Balances and the Myth of “Free”
By Jennifer Tescher, Financial Health Network Last week’s headlines gave the impression that America is suffering from a lack of basic financial access, particularly for lower-income consumers. The fact is, consumers have more access to high-quality, low- or no-cost transaction accounts than they have had in at least a decade, thanks to dramatic changes in…
Sriracha and Superglue: Sometimes A Little Can Go a Long Way
By Tanya Ladha and Rachel Schneider, Financial Health Network Maybe you’ve been there — you break a dish, clean down the middle. You find the superglue, carefully squeeze a small stream of the potent liquid on either side of the break, and patiently hold for the allotted 90 seconds. When you move to place the mended dish…