The Financial Capability Innovators Development Lab serves to support a small group of leading innovators through peer learning opportunities in order to strengthen their capacity, sophistication, and efficiency in delivering solutions that promote the financial capability of underserved consumers. The Lab offers information and training, brainstorming and problem-solving sessions, and cross-sector networking and learning opportunities to assist participants in combining access to quality financial products and services with new and improved educational tools to help underserved consumers better manage their finances.

The Financial Capability Innovators Development Lab represents an unparalleled network of financial capability innovators and a mechanism for promising programs to grow stronger, get traction, and eventually achieve scale. Ultimately, we expect this group of thought-leaders to be instrumental in moving the financial education field and the broader financial services industry forward.

Participants in the Financial Capability Innovators Development Lab include the selected grantees of CFSI’s Financial Capability Innovation Fund. The fund provides $1.5 million in grants to five leading nonprofit organizations to launch ground-breaking projects designed to help low-income, underserved consumers better manage their finances. The Development Lab is part of CFSI's Financial Capability Innovation Fund which is supported by a collaborative of funders led by the Citi Foundation also including Bank of America, Morgan Stanley, Experian U.S. Bank and VISA. Special support for the Financial Capability Development Lab is provided by Capital One.