Browse by Type

Report #507 | | Members | Sign In

FinTech Catalyst Incubator: Steady

Through a partnership with TruStage Ventures, Filene Research Institute continues the work of the FinTech Catalyst Incubator to test promising concepts that could make a difference in the credit union marketplace. In this report we analyze the desirability and feasibility of Steady and if it can create a positive influence on the member’s and credit union’s financial health.

Executive Summary

In the next several years, more than half of the workforce will consist of independent work. This socio-economic shift faces a growing demographic with unique financial needs, specifically income instability.

During a three-month pilot, Filene tested a unique solution to address consumer challenges and assess the concept’s desirability, feasibility, and viability. Knowing that 46% of independent workers find it difficult to deal with unpredictable income, Steady, an income-building, mobile platform, can help connect consumers with independent and part-time job opportunities.

Filene thanks TruStage Ventures for making this research possible.

Related Content

  • Blog |

    Annual Impact Report

    FY 2023 brought us to the brink of the credit union renaissance. A time of exploration of where credit unions came from, and an opportunity to build on unique strengths around humanism, innovation and transformation. Throughout this issue you will see where the work of Filene has supported the credit union industry's renewed focus on human well-being, autonomy and progress.
  • Report #592 | Members

    Executing Your Credit Union's Analytics Strategy

    With the rise of data-driven organizations in the financial services industry, it is essential for credit unions to accelerate value creation through the use of analytics. However, the lack of skilled analytical employees represents the most significant implementation challenge faced by organizations across industries.
  • Blog |

    The Financial Needs of College Students

    • Rohit Subramaniam
    Rohit Subramaniam served as Filene's Research Intern in the summer of 2023 and worked on various research projects. He is a student at NYU Stern School of Business and worked on the following piece for Filene detailing the student perspective how credit unions can better understand and serve the needs of college students.