Commonwealth

Systemic change requires partnership and we're pleased to partner with Fintech Sandbox again and count ourselves among other financial innovators and leaders sponsoring Boston Fintech Week including Fidelity Investments, MassMutual, Rise, created by Barclays, and Global Atlantic Financial Group. We're looking forward to working with Sarah Biller, Kelly Fryer, Brian Cabanban and team! If you are a fintech, Commonwealth’s research and insights provide additional perspectives on an untapped target market of financially vulnerable consumers. Partner with us to discover new data, receive expert insights, and strategize for organizational success! #FinancialSecurity #WealthBuilding #InclusiveInvesting #EmergingTechForAll #BostonFintech #FinTech

Upcoming Webinar: The Why, How, and ROI of Offering Student Debt Benefits To Your Employees Join Commonwealth and our panel of dynamic experts on August 14th at 2pm ET as we discuss the growing trend—and need—of workplace benefits that help with student debt assistance. During this conversation, we'll explore: ✨ the latest research findings that showcase the effect of student debt on the workforce ✨ the role employers can take in increasing the financial resilience of their employees, especially those earning a low-to-moderate income ✨ existing barriers employers experience with expanding their workplace benefits offerings ✨ new and practical student debt benefit solutions that help overcome barriers by increasing the capacity of employers and access for employees ✨ the ROI and impact both employers and employees gain when implementing student debt-focused workplace benefits Attendees will walk away with new insights and tangible next steps for offering high-quality and impactful workplace benefits, including student debt assistance, that support the financial stability and overall financial wellness of their employees. Visit the link in the first comment to register (and yes, there will be a replay shared with you if you aren’t able to attend live!) CC: Employee Benefits By Saving! Jessica Cardichon Aaron Smith Natalie Blain #StudentDebt #StudentLoans #Employers #HRBenefits #HumanResources #EmployeeBenefits #StudentLoanForgiveness #SaveProgram

Commonwealth's case study with Starlight provides a more complete overview of the importance of public benefits as an avenue for improving financial health for households living on LMI, and the opportunity for AI to facilitate access to these benefits. Read more: https://lnkd.in/enygKumm #EmergingTech #FinancialSecurity

Crowdfund Insider reports on the results of Commonwealth's three-year research project to identify the ways in which AI can positively impact the financial lives of households living on low to moderate incomes. Learn more: https://lnkd.in/gtT4s6pJ #EmergingTech #FinancialSecurity

We are excited to see the Office of the Comptroller of the Currency cite our work with Truist as part of BlackRock's Emergency Savings Initiative. Banks and financial service providers play a critical role in improving financial security and wealth building for people living on low to moderate incomes. See more below about how the OCC encourages financial institutions to measure financial health. https://lnkd.in/ghFNst8X Brian Gilmore Peter Pieh Nick Maynard Robin Flaharty #EmergencySavings #FinancialSecurity #WealthBuilding 

Check out Commonwealth’s podcast, produced with support from JPMorganChase. Hosted by Commonwealth Co-Founder & Executive Director Timothy Flacke, each episode features conversations with an industry leader to discuss the implications of emerging technology and ideas for people earning low and moderate incomes. This episode features an interview with Karan Kashyap, founder and CEO of POSH, a Boston-based company building AI tools for banks and credit unions. Stream the podcast: https://lnkd.in/gvev9Yhe #Podcast #FinancialSecurity #EmergingTechForAll

"Our results illustrate that businesses can address pervasive social issues with careful planning, partnerships, and back-end plumbing. The last part might sound the least glamorous, but addressing technical infrastructure is a key part of the systems change puzzle." We are pleased to share this article written by Commonwealth’s Co-founder and Board Chair Peter Tufano and Co-founder and Executive Director Timothy Flacke that details the power of philanthropy to enable systemic change. Over 5 years ago, BlackRock in partnership with Commonwealth and other leading financial innovators set out to improve financial security for everyday Americans by addressing the emergency savings crisis. BlackRock’s Emergency Savings Initiative created the conditions for the nation’s largest payroll processor, multiple U.S. employers, retirement record keepers, and others to work together to help address systemic U.S. household financial insecurity through workplace-based savings plans. The initiative has catalyzed over $2 billion in savings and impacted millions of people. https://lnkd.in/ei3-3JVG Best Buy UPS ADP Mastercard Truist Voya Financial Delta Air Lines Humana Starbucks Fidelity Investments Levis Stores #EmergencySavings #FinancialSecurity #EmployeeWellness #WealthBuilding

While technology has made investing more accessible to individuals, stark gaps remain—particularly for Black, Latinx, and women investors. Our groundbreaking pilot, the Transforming Investor Identity research project, revealed that providing a sense of belonging, learning, agency, confidence, and connection for beginner investors earning LMI fosters stronger investor identity. The research, supported by the Nasdaq Foundation and conducted in partnership with Ellevest, Public, and Stash, helped guide our new toolkit, "Unlocking Investor Identity," which provides actionable guidance for providers looking to build inclusivity and identity at every step of the customer journey. Design for inclusive investing with these new insights. Explore the toolkit here: https://lnkd.in/gGwZ7FNe #FinancialSecurity #WealthBuilding #InclusiveInvesting

With support from the Nasdaq Foundation, Commonwealth teamed up with investing platform partners Ellevest, Public, and Stash to conduct a year-long investing pilot focused on understanding how investor identity develops for participants earning low to moderate incomes ($30k-$80k), especially Black and Latinx women. The research looked at how people develop comfort and belonging in the investing space. Key findings from the Transforming Investor Identity research project: 1. Investor identity can grow significantly during the first year. 2. Platforms can promote the development of investor identity by focusing on its underlying elements, including comfort with uncertainty, active learning, and connecting with others. 3. Savings and representation are key influences in retaining beginner investors and creating a sense of belonging. Design for inclusive investing with new insights. Get the new report here: https://lnkd.in/gZQ_5Jm8 #FinancialSecurity #WealthBuilding #InclusiveInvesting

Findings from Commonwealth's Emerging Technology for All (ETA) research and the demand for AI in financial services are discussed in this article from Digital Wealth News: https://lnkd.in/g6eg-NW8 #FinancialSecurity #WealthBuilding #EmergingTech