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$3M Competition Launched for Tech-Enabled Financial Solutions to Manage Household Budgets
The Financial Solutions Lab – a $30 million, five-year initiative managed by the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. – released its funding competition focused on tech-enabled financial solutions for managing household budgets. This is the Financial Solutions Lab’s first competition in a series of challenges to identify, test, and expand the availability of promising technologies and tools that help Americans increase savings, improve credit, and build assets. An anticipated eight awardees will receive up to $250,000 each in capital and technical assistance, including national partnership opportunities, industry expertise, mentorship, and cutting-edge consumer and design insights necessary to build the next generation of leading financial services organizations. The Financial Solutions Lab will accept applications until April 7, 2015. Read the announcement…