Our Impact
In 2004, we set out to shine a spotlight on the tens of millions of Americans who were falling through the cracks of the traditional banking system. CFSI was founded to catalyze innovation in the financial services industry to meet the needs of the underbanked, and has since launched ground-breaking research and built a incredible network of like-minded partners and providers. We have advised some of the largest brands in the financial services industry on products and strategy development, which in turn has improved the lives of millions of Americans.
Impact by the numbers
165 million customers served by our 138 network members
Of these 47 million are low-to-moderate income consumers
Over 20 million customers served by twenty-one 2017 Financial Health Leaders
Including over 5 million consumers who have had their financial health measured
Financial Health: Building it Together
We are pleased to share our first-ever impact report highlighting the numbers and stories of progress behind our mission to improve the financial health of Americans. While individual successes count, we are stronger together, and CFSI’s Financial Health Network is collectively reaching millions of Americans through improved products, services, and innovation.
Behind the Numbers
Network
138 Network Members
21 2017 Financial Health Leaders
Over 50% of our members have participated in 8 working groups
Thought Leadership
$4.1 Million in funding raised since 2014
70 pieces of published research
Over 70 events hosted including EMERGE: Financial Health Forum
Since 2014, “financial health”, has seen over 500,000 media mentions, resulting in over 6 million impressions
Innovation
Since 2015, 26 companies selected to participate in the Financial Solutions Lab from over 1,000 applicants
Winners raised an additional $130 million in follow-on investments and reached 1.3 million more customers
Consulting
93 engagements in since 2014
900 people participated in FinX empathy building exercise
4.6 overall satisfaction reported by consulting clients in the last 12 months, out of 5