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News | Current NewsletterMay 2009 Newsletter
Vol. 5, Issue 5 Underbanked Financial Services Forum--Filling Up Fast!
New Innovation Team to Spearhead CFSI's Key Focus Areas and Develop Market and Consumer Intelligence CFSI announces today the creation of its Innovation Team and the hiring of two new team members: Rachel Schneider, Innovation Director, and Christina Hachikian, Innovation Manager. The Innovation Team develops market and consumer intelligence, documents trends, and plays a leading role in advancing CFSI's key focus areas for innovation in financial services for the underbanked.
Innovators Showcase: Ready Credit Corporation Read this Innovators Showcase piece to learn how Ready Credit Corporation delivers its prepaid cards—ReadyCARDs—through convenient ReadySTATIONs to serve underbanked consumers in ways that encourage better money management skills and meet the financial needs of this valuable consumer segment. Click here to read more about this innovative company! Prepaid Research Release You Might've Missed If you haven’t had a chance to read our latest research report, “A Tool for Getting by or Getting Ahead? Consumers’ Views on Prepaid Cards,” download it today for FREE!
Webinar to Address Underbanked Consumer Behavior in Economic Downturn Are you wondering how your business strategies will have to evolve in the face of economic challenges and changing behaviors and attitudes of underbanked consumers? Hear analysis and insight from CFSI Associate Director Kimberly Gartner and practitioners operating “on-the-ground” about how the current economic crisis is impacting consumers and altering their financial behaviors and decisions. Register for this FREE webinar, “Underbanked Consumer Behavior in Economic Downturn: Observations from the Ground,”—1-2PM CST/2-3PM EST, May 12, 2009.
2nd Joint Roundtable Meeting: New Participating Organizations and Industry Leaders Unite Last week, CFSI’s Innovators and Responsible Credit Roundtables met in Chicago, joined by four new participating organizations: Green Dot Corporation, Meta Payment Systems, LexisNexis Risk & Information Analytics Group, and NetSpend. The meeting focused on new insights into the impact the current economic environment has on consumers, emerging opportunities around savings products, alternative data used for account management and risk mitigation, and prepaid strategies among other underbanked efforts. The convening marks the second time these groups have met together to connect players from across the financial services industry to generate new information, ideas, products and strategies and develop innovative ways to serve underbanked consumers. Visit the CFSI website to learn more about CFSI’s roundtables.
Innovators Showcase: Recent News Briefs If you want to know how our showcased innovators are transforming the financial services landscape to better serve underbanked consumers, check out these recent and archived news articles and press releases…
Viewpoint: Banks in Danger of Losing Gen Y to Competition Corey Stone, CFSI Fellow, and Jennifer Tescher, CFSI Director, co-authored this article, which discusses the many non-bank financial services options geared towards Gen Y users and offers advice for banks looking to reach this up and coming market segment. View the full American Banker column.
CFSI Speaking Engagements
CFSI Produced Events
Posted: May 2009 For more newsletters from the past, please visit our
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