The high spending on interest and fees revealed in the FinHealth Spend Report highlights the importance of connecting more consumers with affordable products and services. A clear market need exists for financial health-enabling products and services, and FSL is proud to work with fintechs addressing that need.

As an active participant in the fintech ecosystem, the Financial Solutions Lab shares in the responsibility to create a more inclusive industry, especially for female founders and people of color. Last year, we published our early thinking on the Financial Solutions Lab’s role to support and encourage diversity within the early-stage fintech space, and candidly […]

Imagine leaving the nation of your birth–where you had great credit, a car, a home, a bank account–and moving to the United States for the first time. While you might think that having great credit in your home country would ease the financial path ahead, today that’s simply not the case. Your credit history doesn’t […]

With nearly three quarters of Americans living without life insurance, there’s no question estate planning is a major issue that often goes unaddressed by far too many in this country. That’s why Dave Hanley, co-founder of the app Tomorrow, wanted to make estate planning more accessible to the average American, not just the wealthy. The […]

A former software engineer at Google, Morgan Conbere had the chops to solve everyday problems using software development. He also knew there was one space that was ripe for improvement: public transit. In 2017, Conbere and a group of co-founders–Zachary Browne, Samuel Daly, and Ekaterina Kuznetsova–came together to create Token Transit, a platform that allows […]

In our last blog about consumer data access, we discussed the challenges that startups face when it comes to accessing their users’ financial data in order to build innovative tools. Today, we’re back to share that the Financial Health Network has just published a new report on this topic: Liability, Transparency and Consumer Control in […]

Today, the Financial Health Network released its 2017 Snapshot paper. In this report, authored by members of the Financial Solutions Lab, we discuss the latest trends in fintech and provide an overview of the market segment as informed by our analysis of over 360 applications from 2017, the more than 1,000 applications in our first […]

Eddie Lim had already sold one successful business to a global financial company and was getting ready to start a new venture when he realized he’d hit a major roadblock. Lim found himself getting rejected over and over by big banks when he tried to refinance his home. Surely he wasn’t the only one facing […]

Financial fraud is a massive issue when it comes to money management for senior citizens. More than one in four victims of financial fraud in the U.S. are over the age of 60, according to FTC data. But for the longest time, not much has been done to help prevent this theft from happening. When […]

We are excited to announce the eight organizations just named to the 2017 class of the Financial Solutions Lab (FinLab) at the Financial Health Network with founding partner JPMorgan Chase & Co. These organizations represent the most promising group of early-stage financial technology innovators that are improving Americans’ financial health. The Financial Solutions Lab winners […]

Tom Brown is a partner at Paul Hastings LLP and a deeply experienced fintech attorney who works closely with the Financial Health Network and all of our Financial Solutions Lab companies. He graciously took a few minutes to discuss the regulatory and legal framework in which founders of these businesses need to operate, providing an […]

The financial technology sector is huge and growing–in 2016, $12.7 billion was invested in fintech according to CB Insights. Whether they are disruptors of the traditional banking system, working with robo-advisors to help consumers invest smarter easier, or making credit-building easier, many new startups are focused on young, technically-literate millennials, who are now the largest […]