In partnership with BECU, the largest credit union in Washington state, this study examines the impact of a new mobile app savings feature, Quick Save, which allows members to spontaneously transfer small amounts to their savings accounts with the swipe of a button.
Making Client Voice Part of the Design Process: Behavioral Insights Elevate Flexibility and Simplicity in Financial Health Tools
By ideas42 This post was adapted from ideas42’s blog. Even before the COVID-19 pandemic, many families across America were struggling to make ends meet. But they still have big hopes and dreams today, from getting a car to finding better job opportunities to buying a home. To achieve any of these goals, saving and credit-building…
Hear from several companies who have tested the impact of their financial health innovations, and learn about the behavioral techniques they leveraged for their savings programs that drove deeper engagement, increased savings deposits, and grew savings balances.
Join us to explore how to apply behavioral design principles to understand the factors that influence decision-making in various processes by key players within an organization, firm, or venture incubator and learn new strategies for debiasing recruitment and promotions processes to ensure hiring and retention of diverse teams.
Developing and testing innovative solutions is key to advancing financial health. That’s the driving force behind the Financial Health Leaders Lab – a program that supports the groundbreaking work of organizations at the forefront of financial health measurement, like those profiled here.
How can employers encourage workers to build their savings? Even, an employer-based earned-wage access platform, partnered with the Financial Health Leaders Lab to test the impact of presenting savings as an active choice during onboarding to its app.
How can competitions influence more people to build their savings? SaverLife, a nonprofit focused on helping working families to save and invest in their futures, partnered with the Financial Health Leaders Lab to test several approaches.
How do companies supporting the financial health of their customers and employees know which interventions are most effective? Here, we explore how a behavioral team operates within a financial services company to develop insights to create effective financial health solutions.
As consumers around the world struggle to manage debt, learn about the impacts of digital initiatives on debt repayment during tax refund season.
By Heidi Johnson Director, Financial Health Network Director Heidi Johnson joined the Financial Health Network team in 2019 to lead our work applying behavioral insights to the design and delivery of financial health products. She comes to our organization from the Consumer Financial Protection Bureau, where she led a behavioral research program and contributed to…
By Heidi Johnson, Director, Behavioral Economics, Financial Health Network In the past few weeks, record-breaking numbers of people have filed claims for unemployment as industries shut down in response to the novel coronavirus. Millions of people have very suddenly and unexpectedly lost their jobs or substantial portions of their income. While policymakers are responding by…