News from the Wire

Tescher celebrates CFSI's 10-year anniversary

Friday, April 18, 2014 — 16:32:00 (EDT)

Chicago, April 17, 2014 --

Dear Friends,

Innovation -- it's in our name.

Ten years ago, we recognized that changes in technology and financial services held the potential for improving peoples' lives. We knew that new ideas could potentially shape the marketplace, yet we also understood the challenges that innovators would face in bringing their ideas to fruition.

We asked ourselves: What if we invested in the most promising innovations we found?

To make an impact, we knew we would have to put money behind the best ideas. And we did. Together with our partners, we have invested over $50 million in local, regional, and national organizations of all types to seed and scale products and services that improve peoples' financial health.

We also knew it would require more than money. So we have counseled, coached, and connected organizations with valuable industry expertise. As a result, millions of Americans have been positively impacted by an increase in quality products and have saved over $3 billion annually.

CFSI Continues its Commitment to Innovation

We are pleased to announce that we are renewing our commitment to innovation. We have created a new division within our organization called Innovation Labs, which will be wholly devoted to identifying and fostering promising product, service and strategy innovations. Via a variety of tools including cash investments, rewards, competitions, strategic advice, industry exposure, and more, CFSI's Innovation Labs will seek answers to the question: How can we harness the potential of technology to improve the financial health of consumers?

Read more on our history of innovative and our plans for the future by clicking here. And stay tuned for more on how to join our network of innovators, poised to transform our industry in the years to come.

Best regards,

Jennifer Tescher President & CEO

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Source: Company press release.