Vol. 4, Issue 5
May 6, 2008
Dear Friend,
Featured at this Year’s Underbanked Financial Services Forum: Nationwide Segmentation Study of the Underbanked
CFSI will release initial findings from the first ever nationwide segmentation study of the underbanked at this year’s forum. Register for the pre-conference workshop to be the first to have access to this groundbreaking work:
Sunday June 8, 2008 1:00 PM - 2:30 PM
Segmentation Research: Mapping the market to create actionable solutions
Information distributed in the session will include a detailed segments breakout based on the attitudes, behaviors, preferences, needs and desires of these consumers. These attitudinal and behavioral segments will help organizations target the underbanked with marketing strategies and products best suited to create and maintain rich customer relationships. The workshop will be led by CFSI’s Research Director, Michael Herrmann.
The study will also be addressed in the panel that closes the conference Tuesday morning. In “Segmentation Research: Creating Actionable Solutions, Implementation, and Seeing Results,” study co-sponsors CitiCards and MasterCard will discuss why they chose to sponsor CFSI's Segmentation Study and how they plan to integrate the results into their strategies toward the underbanked.
Register for the 3rd Annual Underbanked Financial Services Forum. The Early Bird Special ends this Friday, May 9th!
Learnings from South Africa Webinar to Spark Innovative Ideas
Register now for the webinar on May 13, 1:30PM - 2:30PM CST / 2:30PM - 3:30PM EST!
In late January, CFSI led a group of financial services professionals and policy experts to South Africa to gain an in-depth understanding of a range of innovations being pursued by both industry and government to more effectively and responsibly reach and serve the underbanked.
In this webinar, CFSI Director Michael Herrmann will present the findings of CFSI’s research paper: Lessons from South Africa: Innovations and Opportunities in Underbanked Services. Then listen as two of the trip participants discuss their experiences and learnings from the trip and the opportunities and challenges they see for implementing the innovative solutions from South Africa in the U.S. financial Services industry.
Speakers:
- Michael Herrmann, Research Director, CFSI
- Edward J. Olebe, SVP & Group Head, Consumer Credit Products, MasterCard
- Ellen Seidman, Director, Financial Services and Education Project, Asset Building Program, New America Foundation and Chair of CFSI’s Board of Directors
"Nonprofit Distribution of Prepaid" Webinar Download
Visit our site for the downloadable version of this webinar!
Innovators Roundtable Investigates Market-Moving Solutions for Underbanked
In late April, CFSI held its semi-annual Innovators Roundtable meeting, a forum designed to accelerate the efforts of Roundtable companies and the financial services industry to serve underbanked consumers profitably and well. Innovators Roundtable members came together to discuss comprehensive underbanked strategy development efforts. Participants shared experiences and perspectives on small value loan products and networked with fellow roundtable members and CFSI staff. Innovators Roundtable participants also received an update on CFSI’s first national segmentation study, sponsored by four Roundtable companies, Citi, Fidelity National Information Services, H&R Block and MasterCard. The results of the segmentation study will be shared at the 3rd Annual Underbanked Financial Services Forum.
Jennifer Tescher’s American Banker Column Contemplates Regulatory Reform
In the column “Viewpoint: Revamping System Can Be Boon for Unbanked”, CFSI Director Jennifer Tescher and CFSI Fellow Jeff Jaffee encourage regulators to embrace the dual missions of institutional stability and the promotion of underbanked innovations. Read the entire column.
CFSI Welcomes Christine Slonina as the new Relationship Manager
Christine Slonina joins the CFSI Team as the new Relationship Manager. In this position, Ms. Slonina will manage the development and implementation of strategic initiatives that bring together small- to mid-size banks to learn best practices, share experiences with peer institutions, and build relationships with the latest cutting-edge vendors. Read Christine Slonina’s bio.
CFSI Produced Events
CFSI Speaking Engagements
- May 18-20, 2008 | Certegy Check Services Symposium 2008 | Clearwater Beach, FL. Jennifer Tescher will give the presentation, “The Underbanked: Untapped and Unlimited Opportunities.”
- June 4-5, 2008 | 2nd Annual Washington Asset Building Coalition: Building Assets—Strengthening Communities | Yakima, WA. Sarah Gordon will speak on the panel, “Financial Services Needs of Low-Income People.”
- June 4-6, 2008 | United Way Financial Stability Partnership 2008 Leadership Summit | Chicago, IL. Jennifer Tescher will speak on June 5th.
- June 22-23, 2008 | 2nd Annual Mobile Commerce Summit | Las Vegas, NV. Michael Herrmann will moderate a panel discussion regarding lessons from successful mobile deployments abroad.
- June 25, 2008 | New America Webinar: Just-in-time Education | 12:00pm-1:00pm CST| Kimberly Gartner is a speaker for this webinar.
- September 11-13, 2008 | 2008 Assets Learning Conference | Washington, DC. Jennifer Tescher will lead a plenary entitled, “Nonprofit Innovation in Serving the Unbanked.” Sarah Gordon will moderate the panel, “Prepaid Cards: Innovations in Creating Financial Access for Underbanked Consumers” and Jennifer Tescher will moderate the panel, “Emerging Solutions for Short-Term Credit.”
- October 5-7, 2008| ATM, Debit, and Prepaid Forum | Chandler, AZ. Jennifer Tescher will speak at this event.
- October 19-20, 2008 | Bank Systems & Technology: Executive Summit | Phoenix, AZ. Jennifer Tescher will give the presentation, "The Underbanked: Big Risk or Bigger Opportunity."
CFSI Attendance
