Using technology to improve the financial health of low-income individuals can have long-term benefits for families and society.
The opportunity for financial technology to improve outcomes for low-income people has been widely documented. Technology can be used to deliver products and services more efficiently, as well as to help individuals make informed decisions and follow through on financial planning.
We are working on research projects and collaborations related to how technology can be used to reduce barriers to financial inclusion. One area of interest is helping students find avenues to finance education. Another area is testing behavioral interventions such as digital “nudges” to induce individuals to take beneficial actions such as savings or applying for aid.