Company Profile
Center for Financial Services Innovation
Company Overview
The Center for Financial Services Innovation (CFSI) is the nation’s authority on consumer financial health. CFSI leads a network of financial services providers, helping them develop and provide high-quality products and services that better meet the needs of consumers – especially those who are struggling. CFSI informs, advises, and connects its network of financial services providers, innovators, and thought leaders to seed the innovation that will transform the financial services landscape. With offices in Chicago, New York, Washington, D.C., and San Francisco, CFSI is a fast-paced, entrepreneurial and highly collaborative environment seeking people who share our values of innovation, passion, excellence, impact and directness.
Company History
We are proud that we:
- Became the first and only center for innovation to leverage technology changes to improve the quality of financial services for low- to moderate-income Americans
- Conducted the nation’s first study on the un- and “underbanked”
- Identified and seeded innovations in transactions, savings and credit
- Founded the nation’s premier conference around better serving the financially underserved
- Developed the Compass Principles, a framework to guide the design and delivery of high-quality financial services
- Championed financial capability as a more effective framework for driving consumer behavior change, successfully shifting both U.S. policy and practices on the ground
- Invested over $30 million in promising fintech innovations that improve the financial lives of everyday Americans
- Increased understanding of underserved consumers and the market opportunities to serve them profitably and responsibly, through our notable research in tracking the financially underserved marketplace and the state of Americans’ financial health
With ongoing support from founding partner Ford Foundation and many other organizations, we continue to focus on further advancing quality in financial services and promoting mutual, long-term benefits for both consumers and providers.