As The Nation Nears Full Banking Inclusion, It’s Time To Focus On Financial Health
Good news from the FDIC: Fewer than 5% of American households lack a bank account, down from 8% a decade ago and the lowest level since the agency began tracking it.
Consumers Crave More Innovative Digital Savings Products
Existing savings products offered by the majority of traditional banking organizations do not meet the needs of today's consumer. With an uncertain economy, people expect innovative (even fun) ways to save that are simple to use and motivate positive financial behaviors.
How Digital Communities Can Drive Financial Decision-making and Customer Satisfaction
In collaboration with legal empowerment fintech Upsolve, we explore how incorporating a digital community into fintech tools can support user financial decision-making and improve customer satisfaction.
Navigating the True Costs of Auto Insurance for Low-income Americans
Financial Solutions Lab alums Propel and Sigo Seguros discussed providing affordable and accessible auto insurance to the Spanish-speaking market. Between higher purchase prices and the fluctuating cost of gas, auto ownership and maintenance is stretching the budgets of many households across the country. And that's before you consider the fact that a disproportionate number of drivers from immigrant and low-income communities are rated as "high risk" policyholders and pay above average insurance costs.
Building Consumer Savings with Fintech Innovations
Savings are a critical component of financial health, and new approaches can encourage consumer savings.
Financial Solutions Lab Announces 2022 Accelerator Cohort
The Financial Solutions Lab, an initiative launched and managed by the Financial Health Network in collaboration with founding partner JPMorgan Chase & Co. and with support from Prudential Financial, today announced that it has selected six organizations for its 2022 Accelerator program which is focused on financial benefits and tools.
How Traditional Banks and FinTechs Can Help You Manage Your Money
Financial institutions can help consumers who are struggling to spend, save, borrow, and plan by focusing on bettering financial health. How is your financial health? Chances are it could be better.
The future of fintech: Driving financial inclusivity
Living paycheck to paycheck is one of the biggest sources of economic stress for Americans today—and these anxieties weigh on mental and physical health too.
Meeting the Needs of Consumers of Color With Fintech
How can innovation better serve consumers of color? Join us to understand how fintech tools and trusted community institutions can support the financial health of consumers of color and young people.
Fintech as a Solution for Employee Financial Health: Findings from Five Exploratory Studies
We partnered with five fintechs – Brightside, HoneyBee, Manifest, MedPut, and Onward to explore how they’re used and their impact on employees’ financial lives.
Bank-Fintech Partnership Powers Financial Health
Join Rochelle Gorey, CEO and Co-Founder of SpringFour, and Ben Schack, Head of U.S. Digital Partnerships for BMO Financial Group, as they discuss their innovative financial health partnership. Learn how this award-winning social impact fintech and multinational bank teamed up to solve problems and deliver assistance for customers through the pandemic and beyond. Discover the impact of their efforts on their employees and brands, and consider tips for successful fintech-bank partnerships.
Rising to Meet The Challenge: Innovative Solutions for Workers and Students
Join us to learn how these innovators responded to the challenge, found ways to scale their offerings to meet the pressing financial health needs of the moment, and forged pathways to drive impact post-pandemic. We’ll also introduce attendees to the Financial Solutions Lab Accelerator’s new cohort of fintech startups, as we explore innovations that are helping consumers to build financial resilience and long-term stability.