Building Consumer Savings with Fintech Innovations
Savings are a critical component of financial health, and new approaches can encourage consumer savings.
As Stock Markets Dive and Inflation Rises, It Pays to Automate Your Finances
With the stock market selling off and inflation at a four-decade high, it is human nature to want to take action to protect your shrinking account balances. But human nature has a lousy track record.
Being Broke Is Expensive And 4 More Science-Backed Reasons Why It’s So Hard To Manage Money When You Don’t Have A Lot Of It
Have you ever been flat-out broke? Not the kind of quasi-broke when we have to let go of little luxuries like a Boxycharm subscription. We're talking the real deal kind of broke: When there's a negative balance in your bank account, overdraft fees are starting to stack up, and you're making trade-offs on which bill to pay and which ones to let go.
If You Build It, Will They Come? Lessons To Increase Product Uptake
The Financial Health Network teams up with Elevate and Finicity to ensure that the right audience finds and engages with a financial health product.
Financial Health Solutions: Targeting Small-Dollar Savings Suggestions to Low-Balance Customers
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
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 are two critical steps toward financial stability and self-determination. And at the current moment of societal upheaval, financial stability is not just nice-to-have, but vital. Presented by Capital One
Applying Behavioral Insights to Design Savings Solutions
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.
Tackling Wage Gaps Through the Behavioral Design of Workplace Processes
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.
Financial Health Impact Lab: Innovation Highlights
Developing and testing innovative solutions is key to advancing financial health. That’s the driving force behind the Financial Health Impact Lab – a program that supports the groundbreaking work of organizations at the forefront of financial health measurement, like those profiled here.
Financial Health Solutions: Increasing Savings with a Choice at Onboarding
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.
Financial Health Solutions: Boost Savings with Challenges and Empowering Messages
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.
Finding Out What Works
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.