At the center of our commitment to improving financial health is the Financial Solutions Lab, a $30 million, five-year initiative managed by the Center for Financial Services Innovation (CFSI) that supports promising innovations that can help Americans increase savings, improve credit, and build assets. The winners of the first Lab competition were announced in June, 2015.
As one of the country's leading nonprofits promoting the financial health of Americans, the Center for Financial Services Innovation (CFSI) will manage the Lab in collaboration with JPMorgan Chase and their advisory council, ideas42 and IDEO.org will serve as strategic advisors, and will be instrumental partners in the Lab's design, implementation and capacity to yield sustainable, scalable solutions.
The Third Financial Solutions Lab Challenge: Supporting Underserved Communities
This year, the Financial Solutions Lab is seeking fintech innovations that empower underserved populations to improve their financial health, including people of color, the aging, people with disabilities and low-income women. Click here to apply.