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Prepaid Expo Scholarship Winners Announced

CFSI is pleased to announce the winners our 2010 Prepaid Expo nonprofit scholarship program. Thanks to the sponsorship of the Network Branded Prepaid Card Association (NBPCA) and NetSpend, representatives from five nonprofit organizations that are actively integrating prepaid cards into their programming were ...

Posted: March 2010

ATM, Debit & Prepaid Forum

Rachel Schneider, Innovation Director at CFSI, will be speaking at the 17th annual ATM, Debit & Prepaid Forum from October 18-20th in Las Vegas. This year’s conference will focus on three of the most significant opportunities for financial institutions today—self service and cash ...
Posted: August 2009

Call for Presentations: 5th Annual Underbanked Financial Services Forum

The Center for Financial Services Innovation (CFSI) invites you to submit presentation proposals for the 5th Annual Underbanked Financial Services Forum in Miami, Fl on June 9-11, 2010.

CFSI is currently building the agenda and sessions for the 2010 Underbanked Financial Services Forum ...

Posted: August 2009

CFSI Comments on Consumers Union Report on Prepaid Cards

Statement in response to Consumers Union Report: Prepaid Cards: Second-Tier Bank Account Substitute.

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Posted: August 13, 2009

CFSI, PERC, and CFED seek your support of an Alternative Data Initiative

Dear Friends and Supporters:

The Political and Economic Research Council (PERC at www.infopolicy.org ), the Center for Financial Services Innovation (CFSI at www.cfsinnovation.com), and the Corporation for Enterprise Development (CFED at www.cfed.org ) seek your support ...

Posted: July 2009

CFSI: Innovation in Action

 

Funded through a generous donation from the Citi Foundation, the video offers detailed success stories from customers using prepaid cards, new small-dollar loan products, and in-bank check cashing and second chance accounts, told in their own words. The video showcases leading innovations ...

Posted: June 2009

Innovative Financial Tools for Serving the Underbanked: A Summary

Conference summary from Innovative Financial Tools for Serving the Underbanked

Co-sponsored by CFSI and the Federal Reserve Bank of Philadelphia

The term underbanked describes the roughly 40 million U.S. households who either do not have a banking relationship ...

24 pp.   
Posted: May 2009

CFSI Supports America Saves Week 2009

America Saves Week 2009 kicks off February 22nd and is a nationwide campaign in which a broad coalition of nonprofit, corporate, and government groups help individuals and families save and build wealth. At CFSI, we advise our roundtable companies, encourage

Posted: February 2009

Complete CFSI Underbanked Consumer Study Now Available for Purchase

The Center for Financial Services Innovation (CFSI) has now made available the complete CFSI Underbanked Consumer Study.  This study was co-sponsored by noted industry leaders – Citi, H&R Block, Fidelity National Information Services, and MasterCard.  CFSI and these sponsors commissioned Experian Simmons ...

Borrowing to Live: Consumer and Mortgage Credit Revisited

Borrowing to Live: Consumer and Mortgage Credit Revisited, a recently released book co-published by the Harvard Joint Center for Housing Studies and the Brookings Metropolitan Policy Program, includes a chapter co-authored by Edna R. Sawady and Jennifer Tescher. Drawing on research supported ...

Posted: January 2009

MACED Receives Innovation Award

CFSI congratulates the Mountain Association for Community Economic Development (MACED), CFSI grantee, for winning the University of Kentucky’s Nonprofit Leadership Initiative’s 2008 Innovative Nonprofit Award for their Common Cents Financial Initiative (CCFI). CCFI provides an employer-based payday loan alternative to residents of ...

Posted: December 2008

TIO Networks Gains Nomination for Award

TIO Networks, a CFSI investee, was one of the 14 finalists in Citi-Ashoka’s Changemakers Competition: Banking on Social Change—Seeking Financial Solutions for All. In this competition Ashoka and Citi, “partnered in a worldwide search for financial services projects that use the transformative ...

Posted: December 2008

Insurance and Asset-Building for the Underbanked: A Convening Summary

by Amy Brown

In August 2008, CFSI, the Federal Reserve Bank of Chicago, and the Annie E. Casey Foundation co-sponsored an insurance convening summary.  This summary outlines issues, research, and innovations around serving the insurance needs of underbanked consumers and offers next steps in reaching ...

7 pp.   
Posted: September 2008

CFSI Announces Nonprofit Opportunities Fund Grant Awards

The Center for Financial Services Innovation (CFSI) announced today, at the Underbanked Financial Services Forum, the grantees of its 2008 Nonprofit Opportunities Fund.  The fund was created by a $2 million grant from the Wal-Mart Foundation.  CFSI selected the following four innovative ...

Posted: June 10, 2008

CFSI Releases the Initial Findings of their Segmentation Study of the Underbanked

Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami. The CFSI Underbanked Consumer Study defines ...

Posted: June 2008

CFSI Underbanked Consumer Study Identifies Eight Underbanked Consumer Types

The Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami.  The CFSI Underbanked Consumer Study ...

Posted: June 9, 2008