Recognized Innovators, Exploring New Solutions
BlackRock is working with three nonprofit experts known for their innovative approach to consumer finance: the Center for Financial Services Innovation, Commonwealth, and Common Cents Lab, to help address the crisis and fuel the future of savings innovation.
To develop high-quality savings innovations, the experts will:
Help test and structure various strategies
Provide early access to emerging research
Distribute product design insights
Evaluate and analyze data
Facilitate industry connections
Become a Project Partner
The magnitude of the savings crisis demands action by leading firms and institutions, and we are seeking companies to tackle this key social issue of our time. Download the PDF to learn more about becoming a Project Partner (May 31, 2019 deadline).
The Center for Financial Services Innovation (CFSI) is the nation’s authority on consumer financial health. CFSI leads a network of financial services innovators committed to building a more robust financial services marketplace with higher quality products and services, specifically for those who are struggling. Through its Compass Principles and a lineup of proprietary research, insights, and events, CFSI informs, advises, and connects members of its network to seed the innovation that will transform the financial services landscape.
Commonwealth strengthens the financial opportunity and security of financially vulnerable people by discovering ideas, piloting solutions, and driving innovations to scale. For nearly two decades, Commonwealth has designed effective innovations, products, and policies enabling over a half a million people to accumulate more than $1 billion in savings. Commonwealth understands broad change requires market players to act. That’s why we collaborate with consumers, the financial services industry, employers, policy-makers and mission-driven organizations. We apply consumer insight and business acumen to build solutions that our industry partners scale. The solutions we build are grounded in real life, based on our deep understanding of people who are financially vulnerable and how businesses can best serve them.
Additional information is available at buildcommonwealth.org and follow us on Twitter @buildcommwealth.
The Common Cents Lab (CCL) is a financial behavior research lab within the Center for Advanced Hindsight at Duke University. CCL gathers and develops insights about what influences decisions to spend, save, borrow and earn, and then leverages those insights to encourage behavior that aligns with people’s financial goals. In the last three years alone, CCL has partnered with over 50 organizations including Credit Unions, Banks, Tech Companies, Non-profits, local governments, and more, to re-design their products and services to measurably improve the financial health of more than half of a million people in the United States. Together we help their customers lead happier, healthier, and wealthier lives.
The deadline to join the Year One cohort is May 31, 2019.