The Future is Here: Disrupting Information, Intelligence, and Advice in the Augmented Age
An EMERGE Pre-Conference Interview with Speaker Brett King By Elizabeth Vivirito, Financial Health Network Brett King We sat down with Brett King, futurist, innovator, radio host, founder of a neo-bank, to hear how he’s thinking about the future — and what the threats and opportunities are to banks, credit unions, and technology companies. You sit in a…
How Walmart is championing well-being among the country’s largest workforce
An EMERGE Pre-Conference Interview with Speaker David Hoke By Elizabeth Vivirito, Financial Health Network Read about “From the Corner Office to the Cubicle: Financial Health at Work,” session at the EMERGE Consumer Financial Health Forum. Learn More and Register Today >> David Hoke is Sr. Director of Health & Well-Being at Walmart. What is it — exactly — that…
We Tracked Every Dollar 235 U.S. Households Spent for a Year, and Found Widespread Financial Vulnerability
Income inequality in the United States is growing, but the most common economic statistics hide a significant portion of Americans’ financial instability by drawing on annual aggregates of income and spending. Annual numbers can hide fluctuations that determine whether families have trouble paying bills or making important investments at a given moment. The lack of access […]
JPMorgan’s start-up partner was ‘blown away’ by Dimon’s letter
Ryan Falvey knew that the Center for Financial Services Innovation was highly regarded at JPMorgan, but he was shocked to see it so prominently featured in CEO Jamie Dimon’s annual shareholder letter. Read the full article here >>>
Beyond Financial “Inclusion”: Why Language Matters in the Drive toward Social Justice
By Elizabeth Vivirito, Financial Health Network For years, the global and United States financial inclusion communities have worked in parallel, employing slightly different strategies and metrics of success in their aim to build markets that include all people — especially the most vulnerable. More recently the global financial inclusion sector has been focusing on both education about…
Google Makes a “Play” for Financial Health
By Shannon Austin, Financial Health Network When you think of Google, you’re probably thinking search. Synonymous with how we call tissues by the brand name “Kleenex,” the phrase “Google it” is, of course, how we all associate finding things. In that way, “Googling it” has taken the place of many practices the over-40 set grew…
The Long Game of Impact Investing
By Jennifer Tescher, President & CEO, Financial Health Network When I launched the Financial Health Network nearly 13 years ago, no one knew who we were, and virtually no one knew what it meant to be underbanked. All I knew was that I was supposed to figure out how technological changes in financial services could…
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 […]
Opinion: A US agenda for global financial inclusion
Elisabeth Rhyne, founder and managing director of the Center for Financial Inclusion at Accion, explains why the US would benefit from a financial inclusion agenda. Read the full article here >>>
I’m Renting a Dog?
Can purebreds on leases democratize credit? The Nevadan behind Wags Lending thinks so. Read the full article here
Why big banks are helping financial tech startups
Digiday details the launch of the 3rd challenge from the Financial Solutions Lab, an 8-month startup accelerator program funded by JPMorgan Chase and run by the Center for Financial Services Innovation, and why big banks are helping financial tech startups. Read the full article here >>>
CFPB Seeks Help in Tackling Thin-, No-File Challenge
In a Feb. 16 field hearing, the CFPB said it wants industry input on using alternative data to help thin- or no-file consumers build credit scores. It’s a challenge that many in the prepaid industry have been trying to solve for years to better serve cardholders who often are among the approximately 26 million U.S. consumers who don’t have a credit history and another 19 million consumers whose credit histories are insufficient to produce a credit score, according to CFPB estimates.