Fintech for All: Closing the Generation Gap in a COVID-19 World
For older generations, who face the greatest health risks from COVID-19, the need to shift their financial management systems online is critical, but several key barriers deter older adults from adopting fintech products and services.
Digital Backup: Fintech Solutions to Support America’s Most Vulnerable
More than 33 million Americans have filed for unemployment since March – a new record. Yet even during the economic expansion of the last decade, the U.S. Financial Health Pulse shows that only 29% of Americans are considered financially healthy.
Fintech Over 50: Designing for Low- to Moderate-Income Older Adults
Despite their widespread use of technology, many adults 50 and older find it challenging to handle day-to-day financial needs online. However, shifting financial management systems online has become critical for older generations that face the greatest health risks from COVID-19. Through qualitative, human-centered research, the Financial Health Network uncovered barriers that inhibit older adults’ adoption of fintech, such as negative stereotypes about their tech savviness and concerns about losing granular control over their finances. This report offers recommendations for fintech customer experience design that financial services innovators can use to overcome these barriers and join older adults as partners on their journey toward financial health.
COVID-19 Highlights Need For Banking To Focus On Financial Wellness
Now, more than ever, the financial strains of households are becoming political, personal and institutional issues. Even when the coronavirus crisis ends, the financial crisis will remain. We interviewed Jennifer Tescher from the Financial Health Network to get her perspectives on what needs to be done now and in the future. Read the Article on […]
In A Strong Economy, Financial Instability Persists — But Tech Could Help
A startup program from JPMorgan Chase and the Financial Health Network aims to set financial health startups up for success. Read the Article on Built In >>
The Power Of Purpose: Fintech’s Role In Stakeholder Capitalism
First came the statement from the Business Roundtable redefining the role of business in society. Then came Larry Fink’s annual shareholder letter, in which he said BlackRock would make environmental sustainability a core investment criterion.
Beyond The Top Ten: These Trends Should Shape The Future Of Fintech
If you’re reading this, it’s likely your inbox has been overflowing with predictions and prognostications about what we can expect in the decade ahead. It’s as if the future has already been written, with no opportunity for us to shape it. Read the Article >>
Restoring Lost Tools, Reframing “Consumer Choice”
How do we open up our industry’s mindset and encourage banks to restore choice to consumers who want to retake control over their own financial behavior? I have two modest proposals for banks and credit unions to adopt the retronovations as part of their account offerings.
Insights from the Financial Solutions Lab
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.
JPMorgan Chase Commits $25 Million to Financial Solutions Lab
JPMorgan Chase has announced a five-year, $25 million commitment to help expand access to financial technology for underserved populations in the United States.
JPMorgan Commits $25 Million For Altruistic Fintech Services
Read the Article on PYMNTS >>
JPMorgan Donates $25 Million to get Fintech in Hands of Underbanked
JPMorgan Chase announced Tuesday a $25 million commitment to the Financial Health Network’s Financial Solutions Lab, a program meant to focus on the creation of fintech tools to help consumers better manage their finances. Read the Article on American Banker >>