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$3M FinLab Backed by JPMorgan Aims to Improve Consumers' Financial Health

As banks have been getting their hands into accelerators and other ventures involving promising startups, it is no surprise that JPMorgan is backing one of those. JPMorgan has been noticed to get actively involved in FinTech ventures, and the FinLab may open further opportunities for the bank to connect with bright entrepreneurs.

(Press Release) San Francisco – (Business Wire): Today, the Financial Solutions Lab (FinLab) at the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. announced its $3-million, year-two challenge while celebrating the culmination of its first-year challenge with an inaugural group of nine FinTech innovators. FinLab, a $30-million, five-year virtual lab initiative, unveiled "Financial Shocks" as the theme for its second-year challenge.

For its second chall ...

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