FinRegLab today announced a new initiative to assess the opportunities, risks, and market and policy questions raised by "personal financial agents" (PFAs) — the next generation of AI-enabled tools designed to help consumers manage and build their financial lives.

FinRegLab has launched a project to assess and shape the next generation of AI-enabled tools designed to help consumers manage and build their financial lives.

New research from FinRegLab highlights how bank transaction data can transform how financial institutions measure and support small business financial health. The report lays the foundation for a new FinRegLab initiative that will analyze longitudinal banking data from small businesses, with an initial focus on borrowers served by community development financial institutions (CDFIs).

This report lays the foundation for a FinRegLab initiative that will explore opportunities to advance financial health measurement for small businesses. It proposes a framework and set of metrics for defining and measuring small business financial health using digital bank account data. The report also outlines how financial health measurement together with cash flow data could help CDFIs better measure their impact and create value for a broader range of financial institutions beyond CDFIs.