Beyond Measurement: Insights from the 2019 Financial Health Leaders Program
By measuring financial health, businesses can better understand how customers save, spend, borrow, and plan and develop solutions to meet those needs. This report recognizes how our 2019 Financial Health Leaders used measurement to advance their companies’ strategic priorities, providing insights for organizations as they invest in the financial health of their customers, employees, and communities.
Member-Exclusive Webinar: Financial Health and COVID-19: New Insights from the U.S. Financial Health Pulse
This Member-exclusive webinar examined new data from the 2020 U.S. Financial Health Pulse and highlighted how Members are helping their customers, employees, and communities weather the crisis.
Webinar: Fintech for the 50+: How to Design for Low-to Moderate-Income Older Adults
Older generations face the greatest health risks from COVID-19 and are also challenged to conduct financial management without access to in-person financial services like banking.
Dear Bankers: Don’t Return to Your Old, Shareholder-First Ways
Millions of Americans have already received their economic relief payment from the government, and millions more will be receiving it in the coming weeks, in an effort to stave off severe financial woes amid the coronavirus pandemic. Read the Article >>
An Open Letter To Amazon: You, Too, Can be a Financial Health Company
“Just like your summer reading recommendations, you could offer financial tips for preparing for summer vacation expenses, getting ready for back to school needs in the fall, and tax-time tips in the winter.” Read Jennifer Tescher’s open letter to Amazon. Read the article >>
What Trump doesn’t understand about the poor
By and large, Americans can find jobs today. But too often those jobs have wild swings in pay. A mechanic, for example, might earn $3,500 one month and then drop to around $1,000 the next, when customers don’t materialize. The working poor and, increasingly, the middle class are in a state of “persistent anxiety” about […]
Fintech Apps Bring Stability to Stressed Families
“In the U.S. we don’t really have an access-to-banking problem,” says Jennifer Tescher, president of the Center for Financial Services Innovation, a nonprofit that aims to help the industry better serve low- and moderate-income consumers. After all, 93% of U.S. households have bank accounts, according to the latest Federal Deposit Insurance Corp. data. “The bigger […]
American Banker: Don’t Blame Prepaid for the RushCard Glitches
Millions of Americans rely on prepaid debit cards for daily financial management. In light of the recent RushCard glitches and problems created for customers, Jennifer Tescher and John Thompson encourage readers to not blame the prepaid industry. It is an industry that has made significant strides to help consumers manage their financial lives. Instead, let’s […]
Press Release: Financial Solutions Lab Announces Winners of $3 Million Cash Flow Management Competition
Center for Financial Services Innovation and JPMorgan Chase today commit capital and technical assistance to nine innovative fintech organizations solving cash flow management challenge CHICAGO, June 11, 2015 — Today the Financial Solutions Lab (“FinLab”) announced nine financial technology innovators as the winners of its $3 million, inaugural competition aimed at identifying solutions that help […]
New Research Highlights Press Release: Consumer Preferences for Key Product Features
Chicago, IL – (June 3, 2014) – Today, the Financial Health Network announced the creation of the Small-Dollar Credit Test & Learn Working Group. Five leading financial services providers—Regions Bank, LexisNexis Risk Solutions, Kinecta Federal Credit Union, Enova International and Emerge Financial Wellness—are piloting small-dollar credit products or product features that put into practice many […]