MADISON, Wis. (5/9/14)--The Filene Research Institute unveiled eight new types of financial innovations at its spring i3 meeting in Montreal, Canada.
The institute hopes the new innovations will address issues for credit unions such as connecting with young adults, access to credit, auto lending, switching financial institutions, and knowledge management and collaboration.
More than 50 participants from consumer finance backgrounds attended the i3 meeting, which was hosted by Filene and Desjardins Group. Teams at the meeting presented products, services and business models they had developed, then tested them further throughout the U.S. and Canada, eventually producing the final financial innovations.
These meetings have produced products in the past such as prize-linked savings accounts, Debt in Focus, and The Savings Revolution.
The new innovations include: