Beware the “finhealth-washing” of financial services
Consumers need help, not slogans. Financial services companies have a chance to do right by doing good.
Consumers need help, not slogans. Financial services companies have a chance to do right by doing good.
The Center for Financial Services Innovation recently released its 2017 FinLab Snapshot paper. And, if you think you know fintech, what we found may surprise you.
Barclays US is dipping its toe into the financial health business, testing a personal financial management tool that aggregates all of a customer’s Barclays credit cards, personal loans and savings products—as well as accounts with other banks—in one place.
Small-business lending platform Funding Circle has become a Financial Health Network member of the Center for Financial Services Innovation.
Designing the user experience consumers expect in digital banking is less about seeing what sticks and more about seeing what stands up to real-world human examination and use.
Banking challenger Douugh has unveiled its artificial intelligence-powered financial platform, guided by “Sophie”—a 24/7 personal assistant for finances.
Eight fledgling fintech companies have won $250,000 each from the Center for Financial Services Innovation. Each FinLab winner in this third annual competition from the CFSI receives $250,000 in capital, along with resources to test, enhance and scale their products, in part via the expertise of JPMorgan Chase, a founding lab partner.
Hoping to build on last year’s success, the Center for Financial Services Innovation is encouraging participants in next month’s FinHealthMatters Day to craft videos, write blogs and plan events that highlight the need for better financial health for U.S. consumers. FinHealthMatters Day is June 27.
To coincide with its just released and first “Payroll Industry Scorecard,” CFSI is separating fact from fiction when it comes to payroll cards, which continue to face scrutiny by state regulators and the media.
Fintech entrepreneurs still have a few weeks left to win financial backing from two big players in the payment space. The Center for Financial Services Innovation (CFSI) and JPMorgan Chase’s Financial Solutions Lab (FinLab) plan to award $250,000 to programs that help consumers build financial health, “with a special focus on those communities that are frequently underserved, such as older Americans, communities of color, people with disabilities and products that address the gender wealth gap.”