Financial wellness

The Financial Solutions Lab, a joint initiative, has announced the winners of its annual competition to identify solutions to consumer financial challenges, this year focusing on startups dedicated to improving financial health in the workplace.

From canned food drives to sponsoring a 5k race, here is a look at how credit unions are making a difference.

Three credit unions will receive $18,000 each and work with the Center for Financial Services Innovation to track the strength of certain products and services.

Its data-driven financial management services for workers who live paycheck to paycheck — and a contract with Walmart — have attracted executives from Facebook, Slack and elsewhere as well as a major investment from the head of Box.

A pair of studies released Thursday show consumers once again added to their debt burden during the holiday season even as they admit to needing more financial education.

Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.

Several challenger banks are trying to relieve consumers’ financial stress by offering tools that guide better habits.

They are good at helping track savings, spending and debt, but they do not always provide consumers with a complete picture of their financial health.

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees.

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.