Duke’s Common Cents Lab is pleased to announce that 16 financial organizations will be partnering with the lab in 2017. The chosen financial organizations represent a mix of the top fintech companies, financial nonprofits, and innovative credit unions.
Partners will collaborate with top Common Cents behavioral scientists to design, test, and launch new features and products that aim to increase financial well-being for America’s low- to moderate-income households. Key success metrics include increased short- and long-term savings, improved access to credit, improved management of debt, and increased ability to manage cash flow.
Chime is a new kind of bank account that empowers people to lead healthier financial lives and automate their savings. Members get a Chime Visa Debit Card, an FDIC insured deposit account and a savings account that helps you save money without thinking about it. The Chime app, which has been featured by Apple as one of the top banking apps in the App Store, makes it effortless to manage your finances from your phone.
DoubleNet Pay automates personal financial best practices. They work with employees to automatically pay their bills on time on payday, fund savings goals and repay debt. By getting obligations out of the way on payday, users have a clear picture of what is left to spend without fear of late or overdraft fees.
More than 60,000 businesses rely on Homebase’s scheduling, time tracking, and team communication platform to help them simplify their day-to-day job, giving them hours back in their week. As former hourly employees and managers themselves, Homebase is dedicated to delivering the products, support, and advice owners, managers, and employees need to get the most out of their time and their work.
Activehours is a way for people to access their paycheck at the tap of a button, shortening the time between pay periods and increasing the ability to manage cash flow successfully. The Activehours app lets people get paid immediately for the hours they’ve already worked.
NCR provides technology solutions that make the everyday easier by helping banks and credit unions deliver better customer experiences at lower costs-to-serve. Digital Insight, an NCR company, helps banks and credit unions supercharge their growth by offering innovative online and mobile banking solutions that simplify money management for consumers and businesses.
CoinFlip instantly reduces the amount shoppers pay for groceries by applying funds from private and government sectors (SNAP Healthy Eating, Healthcare, Energy Funds, AARP Discounts and AAA Discounts). The breadth of funding types available makes CoinFlip relevant for all shoppers.
Grameen America is a 501(c)(3) Community Development Financial Institution (CDFI) organization dedicated to helping women who live in poverty build small businesses to create better lives for their families. They offer microloans, training, and support to transform communities and fight poverty in the United States.
Navicore Solutions is a 501(c)(3) nonprofit organization whose mission is to strengthen the well-being of individuals and families by providing financial education, community outreach, and compassionate credit and housing counseling services. Founded in 1991, Navicore Solutions is a national leader in the field of nonprofit financial counseling.
Promise Indiana is a grassroots Children’s Savings Account (CSA) program designed to enroll families in a 529 for post-secondary education when their child enters kindergarten. In addition they expose elementary-aged students to college and career discovery activities in their classroom and through experiential learning on a college campus.
The City of St. Louis Treasurer’s Office of Financial Empowerment (OFE) helps residents make better choices with their money. The office offers classes in financial empowerment, individual financial coaching, and the College Kids Children’s Savings Account program, which provides college savings accounts for all kindergarten students in St. Louis public schools.
United Way of Tucson and Southern Arizona works to ensure that families and individuals have the resources they need to achieve economic self-sufficiency and remain stable by helping them access resources, increase income, build savings, and gain and sustain assets.
Accion is a mission-based, inclusive lender combining deep local knowledge with personalized advising to fuel growth in under-served communities across the country. Since 1991, Accion has made over 60,000 loans totaling over $500 million and provided more than 500,000 entrepreneurs with advising services.