News  |  Latest News From CFSI

Insurance and Asset-Building for the Underbanked: A Convening Summary

In August 2008, CFSI, the Federal Reserve Bank of Chicago, and the Annie E. Casey Foundation co-sponsored an insurance convening summary.  This summary outlines issues, research, and innovations around serving the insurance needs of underbanked consumers and offers next ...


CFSI Job Posting: Relationship Manager

The Center for Financial Services Innovation (CFSI) is seeking an experienced professional to serve as Relationship Manager to help financial institutions accelerate their efforts to serve underbanked consumers profitably and well. This person will join the leading institution investing ...


CFSI Announces Nonprofit Opportunities Fund Grant Awards

The Center for Financial Services Innovation (CFSI) announced today, at the Underbanked Financial Services Forum, the grantees of its 2008 Nonprofit Opportunities Fund.  The fund was created by a $2 million grant from the Wal-Mart Foundation.  CFSI selected the ...


CFSI Underbanked Consumer Study Identifies Eight Underbanked Consumer Types

The Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami.  The ...


CFSI Releases the Initial Findings of their Segmentation Study of the Underbanked

Center for Financial Services Innovation (CFSI) has released the initial findings of its groundbreaking national segmentation study of the underbanked market at the 3rd Annual Underbanked Financial Services Forum, continuing through Tuesday, June 10th, in Miami.  The CFSI ...


CFSI Announces Latest Investees Under Its “Catalyst Fund”

The Center for Financial Services Innovation (CFSI) announced today two new investments under its Catalyst Fund L.P.: iSend and Progress Financial. 

These newest investments reaffirm CFSI’s commitment of focusing on innovative growth stage organizations serving the underbanked.  In ...


CFSI Announces Grant Opportunities for Nonprofit Organizations

The Center for Financial Services Innovation announced a $250,000 grant award to Credit Builders Alliance (CBA).  This award, together with the release of a request for proposals for the CFSI’s new Nonprofit Opportunities Fund last week, marks ...


Jennifer Tescher named among the new members of the Federal Reserve Board’s Consumer Advisory Council

The Federal Reserve Board announced yesterday the newest members to its Consumer Advisory Council, including CFSI Director Jennifer Tescher.    

Jennifer joins a group of industry and thought leaders who advise the Board on the exercise of its ...


New Job Posting: Relationship Manager

The Center for Financial Services Innovation has grown significantly since its inception in 2004, facilitating new relationships and developing strategies to serve the underbanked market in far-reaching and measurable ways. To keep up with CFSI’s growth, we are now looking ...


CFSI Announces the 3rd Annual Underbanked Financial Services Forum

CFSI is happy to announce the 3rd Annual Underbanked Financial Services Forum 2008 produced by CFSI and SourceMedia

Building on successes and popular topics from previous years, we plan on producing an event with creative networking ...


CFSI Announces First National Segmentation Study of Underbanked Consumers

New Conference: Innovative Financial Tools for Serving the Underbanked

This fall, the Federal Reserve Bank of Philadelphia and the Center for Financial Services Innovation are cosponsoring “Innovative Financial Tools for Serving the Underbanked,” a day-long conference on new products and services for underbanked consumers. An audience including financial ...


CFSI in the News (more)

CUs, nonprofits are allies in serving underserved
Published in Credit Union National Association on 09/02/2008.

CFSI research and work is mentioned throughout this article, which discusses the value of nonprofit partners in providing innovative services for underbanked consumers.

Visit the CUNA website to read the entire article.


Press Releases (more)

CFSI Announces Nonprofit Opportunities Fund Grant Awards

The Center for Financial Services Innovation (CFSI) announced today, at the Underbanked Financial Services Forum, the grantees of its 2008 Nonprofit Opportunities Fund.  The fund was created by a $2 million grant from the Wal-Mart Foundation.  CFSI selected the ...