We know how to improve individuals’ financial health. What does that look like across institutions and systems?
Our solutions in development leverage data from our daily worker dialogues to catalyze market-level insights that improve worker financial health collectively.
Our new Project X-ray profiles the financial health of a customers’ workforce, synthesizing credit bureau and bank data alongside insights gleaned from our Financial Coaching sessions. Based on their workers’ needs, we then link to curated prescriptions which improve worker financial security as a workforce-level solution.
We are piloting this product with a home health aide agency customer employing 2,000 workers who provide a vital service yet still struggle with financial security.
Neighborhood Trust is also reimagining the tools we use to tackle workers’ unmanageable debt loads.
We are developing machine-learning techniques to predict points of cash flow shortfall and proactively intervene.
Over time, our clients’ improved interactions with various actors in the debt industry (from collectors to payday lenders to installment loans and credit card issuers) will transform into collective leverage to reduce outstanding debt owed and credit damaged from this industry.