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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 third competition, 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. You can find more information on some of the past winners here.

The Winners of the Third Financial Solutions Lab Challenge

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  • Blueprint

    Provides a fixed income payment for retirement, and gives employers the opportunity to offer a pension without providing for the overhead themselves.

    Blueprint logo
  • Dave

    Helps people avoid overdraft fees by predicting upcoming expenses and preventing negative balances, including through 0% advances on upcoming paychecks.

  • EverSafe

    Protects against elder abuse by monitoring seniors' financial accounts, credit reports and other data sources for fraud, identity theft and age-related issues.

  • Nova

    Helps immigrants access credit by compiling their overseas credit information and securely sharing this information with lending partners.

  • Point

    The first financial technology platform where homeowners can sell a fraction of their home. Homeowners are able to unlock the value of real estate they own by selling equity to investors rather than taking on additional debt.

  • Token Transit

    Sells a service to municipalities’ transportation departments that allows agencies to streamline purchasing and using bus passes.

  • Tomorrow

    Lets people create a free will and free trust, and purchase optional, and highly-affordable, term-life insurance—in minutes, not months.

  • Grove

    A comprehensive financial planning service that is accessible and affordable for everyone.

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Our Partners

As one of the country's leading nonprofits promoting the financial health of Americans, the Center for Financial Services Innovation (CFSI) manages the Lab in collaboration with JPMorgan Chase and their advisory council, ideas42 and serves as strategic advisors, and are instrumental partners in the Lab's design, implementation and capacity to yield sustainable, scalable solutions.

Why Are We Working With These Groups?


of African-American and Latino households lack the savings to recover from a traumatic financial event1.


of families 65 and older experienced significant volatility in their expenses while on fixed incomes2.


Women own, on average, a mere 32 cents for every $1 that men own3.

2 times

Working-age people with disabilities are more than twice as likely to be living in poverty as those without disabilities4.

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