The Center for Financial Services Innovation announced their newest grantees for the Financial Capability Innovation Fund II. Organizations from San Francisco, Oakland, Boston, Chicago, Washington D.C.,and New York City received a total of $2.5 million for their initiatives focused on building financial capability through the integration of technology, social networks, and financial advice into products and services that encourage saving, build credit, and provide financial coaching. The Neighborhood Trust Financial Partners in New York, for example, have developed a new program called PayGoal. They will partner with employers to help employees set and meet savings goals by directly allocating a portion of wages and reporting on progress. Read about the other grantees here!
EITC Funders
