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.