FinLab’s first deadline is March 16, 2017 at 11:59pm PDT. Apply now!

The Lab

About Us

We believe that finance can be a force for good in Americans’ lives, and that innovation should be sought out and rewarded.

Who we are

The Financial Solutions Lab is managed by the Center for Financial Services Innovation with founding partner JPMorgan Chase & Co.

The Financial Solutions Lab is a program that seeks to identify, test and bring to scale promising innovations that help Americans increase savings, improve credit, and build assets.

cfsi-blue-logo

The Center for Financial Services Innovation (CFSI) is the nation’s authority on consumer financial health. CFSI leads a network of financial services providers committed to building a more robust marketplace of higher quality financial products and solutions, making financial health attainable for more Americans.

jpmc-logo_1

Financially healthy individuals increase the stability and resiliency of their communities. That’s why JPMorgan Chase is proud to be the founding partner of the Financial Solutions Lab – committing $30 million over five years and our expertise in financial services to maximize our impact.

FinLab participants go through CFSI’s FinX in order to better understand the needs of underserved consumers.

FinLab participants dig deep into regulatory issues that can impact everything from how companies define themselves, to who they choose as partners.

FinLab companies gain insights and access from leaders like Ripple CEO Chris Larsen, founder.

Why we are here

The Financial Solutions Lab is a virtual laboratory for anyone who uses technology to improve Americans’ financial health. Lab participants share a relentless focus on building products and services that embrace inclusion, build trust, promote success, and create opportunity, and which solve important financial challenges that Americans face.

Over the next five years, we will create challenges and rewards for innovative entrepreneurs, companies, and nonprofits building solutions for the issue areas we highlight. We will grow an ecosystem of fintech innovators that will catalyze impact on the lives of everyday Americans.

Goals of the Lab

More Innovation

We want more entrepreneurs to create products that improve the financial health of consumers.

Better Products

We want products that better serve the needs of low and moderate-income households.

National Scale

We want products that effectively serve millions of consumers.

The Lab has been truly catalytic for us. Our goal has always been to partner with major financial institutions to help them restructure their customers' debt. The beauty of FinLab is that we are able to get insights from the greatest consumer lab out there. …We have the ability to go out to a broad array of service providers in the financial services space that we probably wouldn't have known about.
Jerry Nemorin Co-Founder and CEO
Lendstreet

Advisory council

  • Jennifer Tescher

    Center for Financial Services Innovation

  • Susan Ehrlich

    CFSI Board of Directors

  • Arjan Schutte

    Core Innovation Capital

  • Jonathan Mintz

    Cities for Financial Empowerment Fund

  • Andrea Levere

    Corporation For Enterprise Development

  • Darren Walker

    Ford Foundation

  • Kosta Peric

    Gates Foundation

  • Eldar Shafir

    ideas42

  • Tim Brown

    IDEO

  • Albert Ko

    INTUIT

  • Ben Knelman

    Juntos Finanzas

  • Karen Keogh

    JPMorgan Chase

  • Noah Wintroub

    JPMorgan Chase

  • Ben Jealous

    Kapor Capital

  • Ann Lamont

    Oak Investment Partners

  • Arjuna Costa

    Omidyar Network

  • Caribou Honig

    QED Investors

  • Cheryl Porro

    SalesForce Foundation

  • Michael Barr

    University of Michigan

  • Suzi Sosa

    VERB

At FinLab's first meeting, FinLab winners identified business issues they may be able to help each other solve.

LendStreet's Jerry Nemorin was all smiles at FinLab's first-ever Selection Day in NYC.

In July, FinLab winners experienced firsthand what it's like to be struggling financially, as they navigated the challenges of CFSI's FinX.

More than craft beer and good music: FinLab's party at SXSW attracted fintech innovators from near and far.

Our partners

Our strategic partners support FinLab participants through an 8-month program of introductions, mentorship and technical assistance to improve products, build stronger companies and raise national awareness.

Operating Partners

  • Human-centered design will help Lab participants develop strategies, identify growth opportunities, and increase impact

  • Use principles of behavioral science to design and scale innovative solutions while increasing effectiveness of products

Resource Partners

Let us know what's on your mind.