CFSI and Core Innovation Capital released new data about the 2010 underbanked market size. The results demonstrate that there is not only a substantial need for financial products and services to serve the underbanked population, but a significant revenue opportunity in providing ...

Underbanked consumers need minute-to-minute information about their finances, and mobile financial services (MFS) are well suited to deliver it. Although these consumers often have insufficient access to financial services, their access to mobile phones is fairly widespread. This disparity suggests a large ...

Recommendations for Asset Building

The financial crisis and economic downturn have reshaped the financial services landscape. While these events have by no means run their course, it’s critical to start looking ahead. Over the past year, the Center for Financial Services Innovation (CFSI) ...

Last fall, CFSI launched its inaugural Underbanked Industry Scan survey, our first-ever attempt to create a complete profile of the existing supply of financial products and services for the U.S. underbanked population. We surveyed the entire spectrum of suppliers to the underbanked ...

and Lead Author, Corey Stone

All kinds of organizations and institutions play influential roles in the lives of young people. This presents these organizations with an opportunity to promote the development of young peoples' financial capability. Click below to download the ...

In June 2010, CFSI held its 5th annual Underbanked Financial Services Forum in Miami, Florida. As in years past, the Forum brought together a diverse array of stakeholders within the underbanked marketplace for three days of rich and insightful discussion. With noticeable ...

The Nonprofit’s Guide to Prepaid Cards is designed for nonprofits focused on consumer finance issues to build general awareness around prepaid cards and provide the tools and resources needed by nonprofits to start to incorporate prepaid into their programming. This guide was made possible ...

In the wake of the recent financial crisis, American households have shown greater interest in improving their financial management skills to help them endure the weakened economic environment. A study conducted by Mintel Comperemedia in October 2009 found that 75% of American ...

As the economy rebounds, one solution for financial success lies in consumers ability to take responsibility for their finances through behavior changes as well as increased financial knowledge.  CFSI proposes, in a new research paper from CFSI sponsored by the Citi Foundation, ...

In today’s economic climate, the importance of saving has become of critical value. Financial services organizations, such as CFSI, are taking this opportunity to encourage new savings programs that would allow un- and underbanked consumers to utilize accounts which are both low-cost ...