The Financial Solutions Lab

Past & Present Challenges

About the Challenges

The Financial Solutions Lab is a $50 million, 10-year initiative from the Financial Health Network with founding partner JPMorgan Chase designed to cultivate, support and scale innovative ideas that advance the financial health of low- to moderate-income (LMI) consumers and historically underserved communities.

Take a look at our past accelerator focus areas below to learn more about how they helped improve the financial health of Americans.

2020 Worker and Student Financial Health Challenge

This challenge will identify and develop fintech solutions including products and financial planning tools that will help students and workers understand and navigate educational or job training expenses, bridge cash flow gaps, smooth inconsistent income, navigate financial uncertainty and more.

2019 Workplace Financial Health Challenge

Nearly half of all U.S. workers report being financially stressed. The 2019 Workplace Financial Health Challenge sought innovative fintech solutions working through the employer channel to help reduce the burden of these financial problems.

2018 Challenge

Despite continued low unemployment and modest wage growth, fifty-seven percent of all American adults — approximately 138 million U.S. consumers — are financially unhealthy. In 2018, we remained focused on identifying a broad range of new solutions to improve consumer financial health in the United States.

2017 Challenge

57% of U.S. households are struggling with their financial health. In 2017 we sought innovative solutions to this pressing issue.

2016 Challenge

81% of Americans face a financial shock every year. In 2016, we looked for innovations that helped Americans weather financial shocks.

2015 Challenge

More than 100 million Americans struggle to manage cash flow, and our challenge in 2015 was to find innovators working to find solutions that can solve this problem — making financial health a reality for more Americans.

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