Press Release: Center for Financial Services Innovation Releases New Indicators for Measuring Consumers’ Financial Well-Being
CHICAGO–(BUSINESS WIRE)–Today, the Financial Health Network released alandmark report that urges financial services providers to measure the financial health of their customers. Thework, which benefitted from the strategic and financial support of MetLife Foundation, equips financial services providers and nonprofits with the tools to better understand the state of their customers’ financial health and their […]
Three Things Innovators Should Know About Prepaid
Three Things Innovators Should Know About Prepaid Millions of Americans–whether they have bank accounts or not–depend on prepaid cards to take more control over their financial lives in a way that cannot easily be done with cash alone. High-quality prepaid products are a critical component to the financial health of those who use them to […]
5 Things to Remember as the Big Data Debate Heats Up
By Sarah Parker, Director, Financial Health Network Originally published on Financial Health Network’s website on February 2, 2016 The better a financial services provider understands its customers, the better it can serve them. With Big Data, providers can increase customer loyalty and gain market share by better serving its customers. Big Data here is defined…
Bankless Times: Puddle Aims to Serve the Bottom 60%
Skylar Woodward tapped into a rich background when developing Puddle, a platform which uses the power of the group to help people out of temporary economic jams. Learn more about Puddle and read the full article today >>
The Atlantic: Who Gets Excluded from the Modern Economy?
In the aftermath of the recession, researchers, academics, and bankers themselves analyzed and opined on the role that investment banks and the use of derivative products played in contributing to the crisis. Many wondered and theorized about what that sector of the economy would look like in a post-crisis era. But as the economy has […]
Press Release: The Financial Health Network Study Finds $23.4 Billion in Overdraft Fees for Underserved Consumers in 2014
Chicago, IL – December 8, 2015 – Today, the Financial Health Network and Core Innovation Capital (Core) released their fifth annual Underserved Market Size Study. The report, which benefitted from the financial support and strategic input of Morgan Stanley and with additional financial support from the Financial Health Network’S Founding Partner the Ford Foundation, reveals […]
New Book with Chapter from Jennifer Tescher and Rachel Schneider Released
The Financial Health Network’s own Jennifer Tescher and Rachel Schneider have contributed a chapter to the newly released book, What It’s Worth: Strengthening the Financial Futures of Families, Communities and the Nations. Americans everywhere struggle to build strong financial futures for themselves and their families. The book provides a 360-degree view of the financial challenges […]
Wall Street Journal: Baby Boomers underestimate their retirement needs
When it comes to saving for retirement, there’s a huge gap between what Americans say they want and what they’re doing to make it happen. This article looks at savings habits and consumer resliance, with research from the U.S. Financial Diaries, a project of the New York University Financial Access Initiative and CFSI. Read the […]
Financial Solutions Lab Q+A with Puddle
Financial Solutions Lab sat down with Jean Claude Rodriguez-Ferrera, Co-Founder of Puddle, one of Financial Solutions Lab’s 9 winners, to talk about FinTech and Finhealth. What made you start your company? There’s nothing more powerful than a community that trusts you. I discovered this some years ago by working with different communities who shared money […]
Press Release: The Financial Solutions Lab at the Center for Financial Services Innovation Identifies Household Cash Flow as the Focus for its First Innovation Challenge
Millions of Americans feel the strains of personal cash flow challenges; points to significant opportunity for innovative solutions powered by technology SAN FRANCISCO–(November 18, 2015)–The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) today announced that household liquidity, the management and alignment of income and expenses, will be the focus of its […]
Not Just Child’s Play: Why the financial services industry can — and should — support children’s well-being
By Josh Sledge, Director, Financial Health Network This blog originally appeared on Nextbillion.net on November 11, 2015. When we traditionally think of the industries that can help promote successful outcomes for children, the financial services industry doesn’t generally make the list. However, financial service providers can actually play an important and constructive role in children’s…
Four Ways to Make a Better Digital Experience for Consumers
While digital platforms make it easier to reach a larger number of consumers, it doesn’t always mean those consumers will choose your product or even continue to use it once they do. Gavin Michael, Head of Digital for Chase, offers the best practices that have helped his team transform the way they interact with their […]