Press Releases

Financial Services in the 21st Century: The Compass Principles

FOR IMMEDIATE RELEASE

Financial Services in the 21st Century: Groundbreaking White Paper Outlines Guidelines to Help Improve U.S. Financial Services Industry

CFSI seeks companies to make formal commitments, based on these guidelines, to provide high-quality financial products and ...

Posted: April 2012

CFSI Gathers Industry and Nonprofit Experts to Discuss Consumer Financial Capability and Technology at the NYSE

CFSI Gathers Industry and Nonprofit Experts to Discuss Consumer Financial Capability and Technology at the NYSE in Celebration of Financial Literacy Week

CFSI’s Kimberly Gartner and the Citi Foundation’s Pam Flaherty to ring the closing bell at the NYSE

 

Posted: April 2012

CFSI President and CEO Jennifer Tescher to Testify before Senate Committee Hearing

CFSI President and CEO Jennifer Tescher to Testify before Senate Committee Hearing Today about the Prepaid Card Market

Washington, DC (March 14, 2012) - Today, before the Senate Committee on Banking, Housing and Urban Affairs Financial Institutions and Consumer Protection Subcommittee, the ...

Posted: March 2012

CFSI Proposes a Model Fee Disclosure Box for Prepaid Cards

CFSI Proposes a Model Fee Disclosure Box for Prepaid Cards    

Calls on industry and regulators to improve fee disclosures to benefit millions of consumers

 

Las Vegas, NV (March 13, 2012)-Today, the Center for Financial Services Innovation (CFSI) is proposing a standardized fee ...

Posted: March 2012

Core Innovation Capital Launches Second Annual Core Underbanked Innovators Challenge

Finalists to receive prime-time industry visibility; Winner to be elected in real-time by top industry executives; to receive exposure and $10,000 prize 

NEW YORK, Mar 05, 2012-- Core Innovation Capital (Core) announced today the launch of the second annual "Core Underbanked Innovators ...

Posted: March 2012

NASA Astronaut Speaks to Filene Research Institute Partner Credit Unions

MADISON, WI, November 17, 2011 – Only a few people ever achieve liftoff of the astronautical kind, and one of them spoke last week to the group that is turning the Filene Research Institute i3 innovation LIFT into reality.

LIFT is being tested ...

Posted: November 2011

CFSI's Exchange Sends Participants to Various Financial Services Providers to Spur Innovation

CFSI’s Underbanked Solutions Exchange Sends Participants to Various Financial Services Providers to Spur Innovation and Consumer Insights, Welcomes Three New Institutions  

Chicago, IL- November 15, 2011 –The Center for Financial Services Innovation (CFSI) today commenced a gathering of leaders ...

Posted: November 2011

60 Million Underbanked Consumers Generated $45 Billion in Revenue in 2010

60 Million Underbanked Consumers Generated $45 Billion in Revenue in 2010 Reveals New Data from Core Innovation Capital and the Center for Financial Services Innovation

 

New market size data released today demonstrates a need for new products and services to serve the ...

Posted: November 2011

CFSI Hosts Inaugural Workshop of the Financial Capability Institute

October 2011 | IL

 Chicago, IL- November 1, 2011 –The Center for Financial Services Innovation (CFSI) today commenced the inaugural workshop for the Financial Capability Institute, sponsored by the Citi Foundation. The goal of the Institute is to build a pipeline of high-performing, well-positioned nonprofits that ...

CFSI Convenes Nonprofit and Industry Innovators to Spur Underserved Innovation

FOR IMMEDIATE RELEASE

CFSI Convenes Nonprofit and Industry Innovators to Spur Underserved Innovation

Exclusive Joint Meeting Designed to Share Knowledge, Promote Cross-Sector Innovation

NEW YORK, NY- October 4, 2011 –The Center for Financial Services Innovation (CFSI) today commenced the Financial Capability Innovators Development ...

Posted: October 2011

CFSI Commences Marketplace Conversation about Quality in Financial Services

The initiative envisions a future in which the U.S. financial services marketplace actively contributes to improving peoples’ lives, and delivers sustainable value to all consumers and providers.

September 22, 2011 (Chicago, IL) —Today, the Center for Financial Services Innovation (CFSI) announced the public ...

Posted: September 2011

CFSI Convenes Innovators for the First Bay Area Financial Capability Development Lab

Center for Financial Services Innovation Convenes Innovators for the First Bay Area Financial Capability Development Lab in Collaboration with Charles Schwab Bank and Charles Schwab Foundation

Two-day session aims to advance local strategies to spur behavioral changes and improve financial outcomes for ...

Posted: September 2011

Reaching Underbanked Consumers Through Mobile Services

San Francisco, California Aug 2011

"Reaching Underbanked Consumers Through Mobile Services."

Report Published by CFSI and Celent

Underbanked consumers need minute-to-minute information about their finances, and mobile financial services (MFS) are well suited to deliver it. Although these consumers often have insufficient ...

Posted: August 2011

CFSI outlines policy recommendations that would improve consumer protections on prepaid cards

FOR IMMEDIATE RELEASE

CFSI outlines three policy recommendations that would improve consumer protections on prepaid cards

Washington DC (July 21, 2011)- On the day the Consumer Financial Protection Bureau (CFPB) officially opens its doors for business, the Center for Financial Services Innovation released ...

Posted: July 2011

CFSI announces the Compass Principles

Compass Principles - an initiative to help the financial services industry define its values and translate them into high-quality practices

New Orleans, LA (June 9, 2011) – The Center for Financial Services Innovation (CFSI) President & CEO Jennifer Tescher introduced an ...

Posted: June 2011

GoalMine Announced as Winner of The Core Underbanked Innovators Challenge

GoalMine received $10,000 for their facilitation of a consumer investment with as little as $25

New Orleans, LA (June 9, 2011)- Core Innovation Capital (Core) announced GoalMine as the best new product or service innovation for the un- and underbanked in ...

Posted: June 2011

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