FinRegLab Inc

FinRegLab Inc, registered under the Employer Identification Number (EIN) 82-2842970, is an independent, nonprofit organization dedicated to advancing the safe and responsible use of data and technology in the financial sector. It operates primarily as a research and innovation center, focusing on empirical research, market intelligence, and dialogue facilitation across the financial ecosystem to inform public policy and market practices.

Mission and Vision

FinRegLab's mission is to drive the financial sector toward a world where data and technology are used responsibly to help families and small businesses manage their daily lives and build long-term economic security. The organization aims to produce transparent, fair, and tailored financial services, filling knowledge gaps through collective engagement and empirical facts.

Research and Activities

FinRegLab conducts ground-breaking empirical research to address critical policy and market questions. It leverages its technical capacity and legal acumen to undertake experiments that produce actionable insights for industry stakeholders, advocates, and policymakers. Key areas of focus include AI in Financial Services, Alternative Data in Credit Underwriting, and Innovations for Underwriting Small Business Enterprises.

Core Values

The organization is guided by several core values:

• Rigor: Commitment to rigorous research and high-quality work products.
• Actionability: Focus on finding solutions that produce meaningful impacts.
• Independence: Integrity in maintaining independent research and voice.
• Transparency: Clear disclosure of methods and findings.
• Engagement: Building connections across diverse stakeholders.
• Curiosity: Approaching problems with humility and continuous learning.

Funding and Governance

FinRegLab receives support from a diverse range of funders, including philanthropic organizations, corporations, and individuals. Its Board of Directors ensures adherence to its mission, values, and integrity. Funders do not influence research findings, and funding sources are publicly acknowledged annually.

Financial Overview

As a nonprofit organization, FinRegLab's financial operations are primarily dependent on contributions. In recent years, it has received millions of dollars in contributions, with minimal income from other sources. Executive compensation and other salaries constitute a significant portion of its expenses. The organization maintains a substantial asset base and manages liabilities effectively.

Donations to FinRegLab are tax-deductible, reflecting its status as a 501(c)(3) organization.