Financial insecurity impacts more than just our customers. Financially healthy households promote more resilient and inclusive communities and economies. That is why we apply technology, behavioral science, and design strategy to support innovative technology-based solutions to promote financial health. 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. This year as part of their fifth competition, the Financial Solutions Lab is seeking innovative workplace financial health solutions that cater to underserved workers and diverse work environments.
Makes 401(k) transfers seamless as employees switch positions by standardizing the process and linking providers to dramatically reduce administrative costs, compliance liabilities, and time.