#FinHealthMatters: Femme Frugality
By Femme Frugality A lot of times when we write about money, we pretend that our income will look like this: But just as the aging process doesn’t always go the way we want it to, studies show that for most American families, income doesn’t go up in a straight line at a 40 degree…
Fintech Founder Q&A: EverSafe
Financial fraud is a massive issue when it comes to money management for senior citizens. More than one in four victims of financial fraud in the U.S. are over the age of 60, according to FTC data. But for the longest time, not much has been done to help prevent this theft from happening. When […]
A Prescription for Success: Lessons from the Healthcare Industry
By Thea Garon, Financial Health Network As the healthcare debate rages on in America, it’s not often that we stop to consider the successes of our nation’s healthcare system. But as financial service providers respond to the disruptive force of technology and the changing nature of consumer demands, they would be wise to consider how…
#FinHealthMatters Day: Personal stories about financial health in America
By Theresa Schmall, Financial Health Network June 27, 2017 was the second annual #FinHealthMatters Day. On this day more than 900 individuals created nearly 10 million Twitter impressions explaining why financial health matters. This message is particularly important because 57% of Americans — approximately 138 million adults — are struggling financially. At Financial Health Network, we see the struggle…
Building an Ecosystem of Partnerships around Financial Wellness
An EMERGE Conference Interview with Brian Costello By Elizabeth Vivirito, Financial Health Network Brian Costello is the Chief Information Security Officer at Envestnet. Brian is helping Envestnet | Yodlee create a more financially informed generation and ultimately a stronger global economy by supporting the consumers’ right to access financial solutions that allow them to improve…
FinHealth matters, and a private look into a financial diary shows us why
By Rachel Schneider, Financial Health Network When Jonathan Morduch and I started working with the families associated with the US Financial Diaries research — featured in our recently released book, The Financial Diaries — we thought it might be hard to get people to share the intimate details of their financial lives with us. After all, how many of…
Financial Solutions Lab announces 2017 winners
The financial future of America and beyond will be shaped by many of todays fintech innovators, eight of whom were selected as winners of the Financial Solutions Lab’s third annual competition. Run out of the Center for Financial Services Innovation with support from JPMorgan Chase, the Financial Solutions Lab identifies companies that can help Americans […]
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 […]
Financial Solutions Lab Welcomes Its 2017 Class
We are excited to announce the eight organizations just named to the 2017 class of the Financial Solutions Lab (FinLab) at the Financial Health Network with founding partner JPMorgan Chase & Co. These organizations represent the most promising group of early-stage financial technology innovators that are improving Americans’ financial health. The Financial Solutions Lab winners […]
These Tools Let You Shop Online Without a Credit or Debit Card
Amazon Cash charges no fees to the consumer, PayPal My Cash has a $3.95 activation fee and PayNearMe encourages merchants to absorb the fees, but transactions with some merchants incur a fee that can be as high as $5.99, which is disclosed up front. Ryan Falvey, the managing director for Financial Solutions Lab at the […]
Expert Interview: Tom Brown, Fintech Attorney at Paul Hastings
Tom Brown is a partner at Paul Hastings LLP and a deeply experienced fintech attorney who works closely with the Financial Health Network and all of our Financial Solutions Lab companies. He graciously took a few minutes to discuss the regulatory and legal framework in which founders of these businesses need to operate, providing an […]
Household Debt Reaches New High
Rachel Schneider, senior vice president at the Financial Health Network, studied 235 low and middle income families over one year as they handle their finances, with New York University Professor Jonathan Morduch. They found that families put a premium on stability — and that’s getting harder and harder to achieve. Schneider and Morduch documented their findings in a […]