Despite a strong economy and low unemployment, the U.S. Financial Health Pulse shows more than half of Americans are struggling to pay their bills, save and remain financially stable. The problem is most acute for low-income individuals. Five years ago, the Financial Health Network launched the Financial Solutions Lab (FinLab) in partnership with JPMorgan Chase...

By Corey Stone, Entrepreneur in Residence, Financial Health Network My last overdraft changed our marriage. My wife Sue and I had started our life together back in the era of paper banking with separate checking accounts. We both worked and each of us took responsibility for different bills and then split our rent or mortgage....

By Corey Stone, Entrepreneur in Residence, Financial Health Network Unless they have time to kill, on-street parkers who forget to bring enough change for the meter place themselves in a land of limited options. They can keep their appointment, but risk a parking ticket, or they can run in search of change and be late....

By Brenton Peck, Senior Manager, Financial Health Network Pictured: Joonsang Ahn, Hyuncha Choe, Kelcey Hwang, Soohyun Jung, Jongik Lee, Sera Park, Brenton Peck and Krishna Thacker A Sharing of Ideas: How cross-country exchanges can foster innovation Technology has given us new tools to communicate, share experiences and learnings, and collaborate. A physical trip to another...

By Corey Stone, Entrepreneur in Residence, Financial Health Network  My last two posts highlighted a subset of consumers who struggle at the ends of the month: the 9 percent of checking account-holders who overdraft more than 10 times per year and who pay four-fifths of the $15 billion in overdraft and NSF fees banks collect...

By Corey Stone, Entrepreneur in Residence, Financial Health Network For over 25 years I worked in the consumer payments and credit businesses — first as a management consultant, then as a payments technology executive. During that time I became increasingly uneasy about how the infrastructure we provided was serving the consumers who used it to construct their...

By Mindy Hauptman, Managing Director, Consulting Services, Financial Health Network Ready to tackle product innovations in order to improve your customers’ financial health? Financial Health Network Consulting Services is here to help. Request a consultation today. Innovative products result in happy customers, and customer satisfaction drives business. According to CFI Group’s Bank Satisfaction Barometer, products...

$250K for each selected startup The Financial Solutions Lab — managed by Financial Health Network with founding Lab partner JPMorgan Chase & Co. — is excited to announce that applications are open for our fourth Innovation Challenge. Selected companies and nonprofits will each receive a $250,000 investment as well as unparalleled access to resources that can help them grow. For...

Money20/20 is the world’s largest marketplace for ideas, connections and deals in Payments and Financial Services. It’s where leaders — representing every sector of the industry — come to seize new business opportunities, strengthen partnerships and discover the latest disruptions. With 11,000+ attendees — including more than 1,700 CEOs and Presidents from a whopping 4,500 companies and 85 countries — Money20/20 brings together...

Each autumn, the financial services industry gears up for Money20/20. As one of the largest conferences for payments and financial services innovation in the world, the event represents a major opportunity for both incumbents and innovators to showcase their work. For the past two years, Financial Health Network has sponsored a scholarship contest — made possible by...