Insights from the Financial Solutions Lab

In 2014, the Financial Health Network and JPMorgan Chase created an initiative called the Financial Solutions Lab, a community of startups, financial services companies, and nonprofit organizations that seek to identify, test, and bring to scale promising innovations that improve financial health for all. This report shares lessons learned over the past five years of close collaboration and support for fintech solutions big and small. Our hope is that it serves as an invitation to join our efforts to improve the financial health of all Americans.

The Financial Solutions Lab (FinLab) is a $30 million, five-year initiative managed by the Financial Health Network with founding partner JPMorgan Chase & Co. The Lab seeks to identify, test, and bring to scale promising innovations that help U.S. residents increase savings, improve credit, and build assets. Lab participants share a relentless focus on building products that will improve the financial health of U.S. residents. The Lab provides capital, national partnership opportunities, industry expertise, mentorship, and cutting-edge consumer and design insights necessary to build the next generation of leading financial products and services.