Lori Shao founded Finli, one of the Financial Solutions Lab Accelerator’s 2020 Cohort companies, in 2019. Finli’s comprehensive business management software relieves family-centric businesses, like neighborhood schools and enrichment programs, from the administrative burdens of invoicing, tuition collection, and maintaining a digital presence by providing an enterprise solution and parent-approved app. Given its area of […]

The economic shutdown and mandatory lockdowns forced many people to limit discretionary spending on retail, food, and entertainment, while stimulus checks and increased unemployment benefits improved financial health in the short term. This aided in a slow down of overdraft.

There is a strong relationship between job quality and workers’ financial health. Employers have the opportunity to use investment in job quality as a way to improve financial health equity among workers.

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.

Chicago, IL, Nov. 12, 2020 (GLOBE NEWSWIRE) — The Financial Health Network, the nation’s authority on financial health, today released the “Know Better, Do Better: Building an Effective Financial Health Benefits Strategy” report in partnership with Morgan Stanley at Work, showing that close to 90% (86%) say they are aware of their employees’ financial health […]

Over the past six years, the Financial Solutions Lab has run an annual fintech accelerator that has supported more than 40 companies with investments, resources, mentorship, and more to improve the financial health of people across the U.S. These companies have reached more than 5 million low- to moderate-income consumers – and over 10 million […]