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…
Financial Solutions Lab Launches $3 Million Year-Four Competition to Support the Financial Health of Underrepresented Communities
Lab to focus on the next generation of financial technology products 09:22 AM CT NEW YORK–(BUSINESS WIRE)–Today the Financial Solutions Lab (FinLab) at the Financial Health Network with founding FinLab partner JPMorgan Chase & Co. officially launched its Fourth Annual $3 Million Challenge (Challenge) to identify fintech innovators and products that can help improve the financial […]
Financial Solutions Lab Launches $3 Million Competition to Improve the Financial Health of Overlooked Populations
February 22, 2017 08:00 AM Eastern Standard Time Virtual fintech lab launched by the Financial Health Network and JPMorgan Chase helps fintech startups improve and scale solutions for people of color, low-income women, aging populations and people with disabilities SAN FRANCISCO–(BUSINESS WIRE)–Today the Financial Solutions Lab (FinLab) at the Financial Health Network with founding FinLab partner […]
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…
For Consumer Protection and Health, Look to the States
By Jeanne Hogarth, Financial Health Network The recent turmoil in leadership at the Consumer Financial Protection Bureau (CFPB) and the initial actions of the acting director point to at least one conclusion: For consumers to continue to have access to high quality, innovative products that help them improve their financial health, focus needs to shift…
Financial Solutions Lab’s 2017 Diversity Report
As an active participant in the fintech ecosystem, the Financial Solutions Lab shares in the responsibility to create a more inclusive industry, especially for female founders and people of color. Last year, we published our early thinking on the Financial Solutions Lab’s role to support and encourage diversity within the early-stage fintech space, and candidly […]
The Financially Underserved Market: What Drives A $173 Billion Opportunity?
Building financial health can be a challenge for financially underserved consumers. What products address their needs in this evolving marketplace? To learn more about the underserved market opportunity, download Financial Health Network’s 2017 Financially Underserved Market Size Study. How did financially underserved consumers borrow, spend, save, and plan in 2016? From the increased prevalence of…
Fintech Founder Q&A: Nova
Imagine leaving the nation of your birth–where you had great credit, a car, a home, a bank account–and moving to the United States for the first time. While you might think that having great credit in your home country would ease the financial path ahead, today that’s simply not the case. Your credit history doesn’t […]
Winning the Long Game: Reimagining Credit to Build Consumer Financial Health
Financially underserved consumers spend $173 billion annually to manage their day-to-day financial lives — including $97 billion on short-term credit products. How can lending solutions build brand loyalty that grows with borrowers’ financial health? To learn more about credit and the underserved market opportunity, download Financial Health Network’s 2017 Financially Underserved Market Size Study. This fall, the…
Startups: Win Your Way to Money20/20
Money20/20 is the world’s largest marketplace for ideas, connections and deals in Payments and Financial Services. It’s where leaders — representing every sector of the industry — come to seize new business opportunities, strengthen partnerships and discover the latest disruptions. With 11,000+ attendees — including more than 1,700 CEOs and Presidents from a whopping 4,500 companies and 85 countries — Money20/20 brings together…