Webinars
Get even more in-depth knowledge about the underbanked with CFSI's interactive webinars.Each webinar in the series offers a rich perspective on a variety of key issues in serving the underbanked, from product innovations and risk management strategies, to new distribution methods.Webinars will feature CFSI research, input from industry leaders, and encourage audience participation.

Financial Capability Institute Website Demo

The Financial Capability Institute seeks to empower nonprofits to improve the financial lives of their clients with high-quality financial products.

CFSI, with support of the Citi Foundation, launched www.Financial-Capability.org as a tool for nonprofits to self asses their readiness for financial product distribution, and access tools to help them through the process of product distribution.

During this demonstration, Monica SanMiguel, Program Manager, CFSI, shared about this new tool and took questions from participants.

See the recorded webinar below:
 

See more videos from the Center for Financial Services Innovation on Vimeo.

Turnbull to Speak on Webinar for CDFIs

Joshua Turnbull, Director, Consulting will speak on a webinar provided by Opportunity Finance Network titled “Adding New Microfinance Products to Achieve Scale and Increase Impact” on May 14 at 2 p.m. EDT.  This webinar is one in a series of ten webinars provided as part of the Capacity Building Initiative’s “Scaling Up Microfinance” series. Turnbull will discuss the needs of underserved consumers and the role Community Development Financial Institutions play in meeting those needs with innovative product offerings. 

For more information and to register for the webinar, visit here.

 

Gordon to Speak on the Center for Financial Security Webinar

Sarah Gordon, Vice President, Advisory Services and Nonprofit Investments will be a discussant on Center for Financial Security's Webinar on February 12, 2012 at 1:00- 2:00 PM CST.

Max Schmeiser will be presenting his mobile banking research - 'Consumers' use of Mobile Phones for Financial Management and Financial Decision-Making. 

See more information on the event here.

FinCapDev Competition Webinar Series: CFSI & D2D Fund

This webinar, led by administrating organizations CFSI and the D2D Fund, provided an introductory overview to the FinCapDev Competition.

Additionally, we covered the issues of financial capability and financial access: what they are and how they are relevant to consumers and the competition; what it means to build mobile apps within the context of those two tracks; and how the competition can facilitate your innovative talent to change the way we manage our personal finances.

Speakers included: 
-Sarah Gordon, Vice President, Advisory Services and Nonprofit Investments 
-Preeti Mehta, Director, Project Incubation, D2D Fund

To learn more about this webinar, visit fincapdev.com.
 
See the recorded webinar below:
 

See more videos from the Center for Financial Services Innovation on Vimeo.

Webinar: An In-Depth Look at the 2011 Underbanked Market Sizing Study

On November 1, CFSI released it's second annual Underbanked Market Size study in conjunction with Core Innovation Capital. The new and expanded 2011 Underbanked Market Size report, sponsored by Morgan Stanley, examines the current landscape, growth patterns and key trends driving more than twenty financial products serving underbanked consumers in the United States today. The credit, payment, deposit and other products that comprise the underbanked market collectively generated $78 billion in revenue in 2011, a 7% increase from the previous year.

 
Read more in the report here on CFSI's website.
 
In this webinar, participants learned more about the products, growth, and key trends impacting the Underbanked Market.
 
Speakers Included:
-Co-Author Rob Levy, Manager, Insights & Analytics at CFSI
-Mike Harris, Managing Partner at Core Innovation Capital
-Lead Analyst Eva Wolkowitz, CFSI
-Bryan Wagner, Executive Director, Morgan Stanley Global Sustainable Finance
 
 
See the recorded webinar below:
 

 

See more videos from the Center for Financial Services Innovation on Vimeo.

FinCapDev Webinar: Facebook's Libby Leffler to Talk Open Graph, Social Plugins, Best Practices

On Thursday, October 25 at 6:00 PM ET, CFSI and D2D Fund hosted our first FinCapDev interactive webinar. The webinar was primarily for developers, designers, students, tech teams, and anyone who is thinking about applying to the FinCapDev Competition.

During this webinar, Libby Leffler, a Strategic Partner Manager at Facebook walked us through Facebook best practices, social plugins and an overview of Facebook's Open Graph: what it is, what it allows you to do, why it's important and how it can help you make a great mobile app.

See below for Libby's bio.

Libby Leffler, Strategic Partner Manager at Facebook:
Leffler works with the public figures, non-profits, cultural institutions and media organizations that partner with Facebook around high-impact integrations. Libby was the co-anchor of “Facebook Live”, the company's official video streaming channel, during the 2011 and 2012 World Economic Forum meetings in Davos, Switzerland.

From 2009-2012, Libby was the Business Lead to Facebook's Chief Operating Officer, Sheryl Sandberg. As the Business Lead to the Chief Operating Officer, Libby managed public appearances, speaking engagements and handled a wide array of projects including research and analysis initiatives.

Libby joined Facebook in 2008 as a member of the Inside Sales team, working with marketers in the retail and consumer products segments. Prior to Facebook, Libby worked in Online Sales and Operations and Asia Pacific and Latin America markets at Google.

See the recorded webinar below:
 

 

See more videos from the Center for Financial Services Innovation on Vimeo. Learn more about FinCapDev here.

Financial Capability Innovation Fund II- Bidders Call

The Center for Financial Services Innovation invites you to explore the future of financial capability during a bidders' call for its second Financial Capability Innovation Fund on October 4th from 1:00-2:00 P.M. CDT.

CFSI is pleased to announce the launch of a new grant fund—The Financial Capability Innovation Fund II — to provide financial and technical assistance to innovative and promising nonprofit-led interventions designed to promote financial capability among low-income and underserved consumers. The Financial Capability Innovation Fund II is supported by a collaborative of funders led by the Citi Foundation and also including Capital One, NYSE Euronext Foundation, Charles Schwab Bank, Charles Schwab Foundation and Experian. Through the new fund, CFSI will award approximately $2.5 million total to 7-10 grantees with an average award size of $250,000 - $350,000. At this bidders' call, CFSI will review the financial capability framework and Fund RFP and answer questions from potential applicants about this funding opportunity.
 
Note, due to Hurricane Sandy, we have extended the deadline. All proposals are now due on Friday, November 9, 2012, by 11:59PM EST.
 
See the recorded webinar below:
 

 

See more videos from the Center for Financial Services Innovation on Vimeo.

 

Click here to see a document with the Frequently Asked Questions and answers about the Fund.

Parzick to Speak on CFPB Webinar

There has been increased discussion lately about bringing responsible prepaid cards into the mix of products promoted through Bank On programs.

On September 7 at 10 ET, Romy Parzick, Manager, Innovation and Research, will join Dan Quan from CFPB in a discussion about these products.

Quan will discuss issues related to these types of cards followed by Parzick who will discuss CFSI's Compass Principles Guide to Prepaid. 

 

 

Webinar: A Complex Portrait- An Examination of Small-Dollar Credit Consumers

 

Every year, millions of American consumers use small-dollar credit (SDC) products for quick access to cash. Yet, these products—payday loans, pawn loans, direct deposit advance loans, auto title loans, and non-bank installment loans—often come with high fees or interest rates and can lead consumers into a cycle of repeat usage and mounting debt. This study seeks to elucidate the reasons why so many consumers rely upon these potentially dangerous products and to glean what can be learned from their experiences to promote the development of high-quality credit solutions. See the full study here.
 
This study covers the following angles of the SDC Consumer: who they are, how they decide to use an SDC product, how they fare once they have purchased a product, and what they think about the products they use. 
 
Rob Levy, Manager, Insights and Analytics, guided participants through the research and took questions at the end of the webinar. Rachel Schneider, Vice President, Insights and Analytics moderated.

 

Click below to see the video of the Webinar.

See more videos from the Center for Financial Services Innovation on Vimeo.

MyMoneyAppUp Challenge Design FAQ Webinar

On August 2, 2012, CFSI put on a Q&A webinar for potential participants in the MyMoneyAppUp Challenge. Participants had the chance to ask questions about the challenge and get live feedback.

This webinar featured:

  • Sarah E. Gordon, Vice President, Advisory Services and Nonprofit Investments, CFSI
  • Preeti Mehta, Director of Project Incubation, D2D Fund
  • Nick Maynard, Director of Innovation, D2D Fund
  • Sophie Raseman, U.S. Treasury Director for Smart Disclosures and Senior Policy Advisor & Co-Chair, Task Force on Smart Disclosure  

The MyMoneyAppUp Challenge is a contest offering cash prizes intended to motivate American entrepreneurs, software developers, the public, and students to propose the best ideas and designs for next-generation mobile tools to help consumers make smart financial choices, access high quality financial products and services, and ultimately control and shape their financial futures. See more on the Challenge here. 

  

Click below to see the video of the Webinar.

Click here to see the questions and responses that were asked during the webinar. 

See more videos from the Center for Financial Services Innovation on Vimeo.