Promoting Financial Health Through Technology
We are harnessing the power of technology to identify and expand the reach of the next generation of financial technology products and services that meet the needs of struggling consumers.
The Financial Solutions Lab is a 10-year, $60 million initiative managed by the Financial Health Network in collaboration with founding partner JPMorgan Chase and with support from Prudential Financial. The Financial Solutions Lab’s mission is to cultivate, support and scale innovative ideas that advance the financial health of low- to moderate-income (LMI) consumers and historically underserved communities.
Catalyst Fund, an inclusive fintech accelerator managed by BFA Global, advances financial health for underserved people across the world, focusing on Kenya, Nigeria, South Africa, India and Mexico.
The Financial Inclusion Lab, in collaboration with the Indian Institute of Management Ahmedabad's Centre for Innovation Incubation and Entrepreneurship (IIMA-CIIE) and MicroSave Consulting (MSC), supports innovative, technology-enabled solutions to address the financial health of people in India.
Stories and Insights
Advancing Financial Health
Far too many people struggle to manage their daily financial lives. This struggle does not just apply to low-income households or certain geographies. In fact, research from the Financial Health Network found that more than half of Americans experience high amounts of debt, not enough savings or irregular income.