The FDIC's tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. ICBA joins FDIC 'tech sprint' The FDIC said ICBA will be among the teams participating in the agency's "tech sprint" designed to help banks serve unbanked consumers. FDITECH, the FDIC tech lab, had launched this tech sprint on July 06, 2021. The FDIC's tech sprint kicked off Monday, when an initial batch of competitors received basic technical information about the agency's call reporting systems and the basic criteria for a new data reporting product, including security parameters. WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) today highlighted three teams of experts in a Tech Sprint to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person. Oct 27, 2021. The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a 'tech sprint' designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The tech sprint's evaluation panel selected the following organizations as winners in the following categories: Category […] Oct 27. The FDIC selected Tandem Incident Management as the winner for Market Readiness. August 16, 2021. Daly City, CA - 'Demo Day' September 10th found eight selected teams presenting creative technical solutions to a panel of evaluating experts during FDIC's first-ever Tech Sprint designed to explore new technologies and techniques to help banks meet the needs of unbanked customers and challenged participants to identify resources and tools to sustain those banking relationships over time. "We are extremely honored to be recognized by the FDIC . "We wanted to develop a solution that any financial institution, small, medium, or large, could implement quickly in order to reduce the impact of incidents," commented Russ Horn, President of CoNetrix. The Federal Deposit Insurance Corporation (FDIC) announced a new tech sprint designed to determine how well community banks, and the banking sector, can withstand a major operational disruption. Herndon, VA, USA - October 27, 2021 - The Global Resilience Federation (GRF) led team, including TrustMAPP, was awarded most "Effective/Impactful" in the Federal Deposit Insurance Corporation (FDIC) technology sprint competition, "From Hurricanes to Ransomware: Measuring Resilience in the Banking World." . The FDIC will not announce winners or losers over the course of the competition, meaning . Summary: The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) today announced a Tech Sprint to develop solutions for financial institutions and regulators to help measure the effectiveness of digital identity proofing- the process used to collect, validate, and verify information about a person. Recordings of the participants' demonstrations will be made available soon on this webpage. The FDIC's tech lab FDITECH's sprints were spearheaded in 2021 by Chief Innovation Officer Sultan Meghji, who left the agency on Friday. Chosen teams that consist of banks, nonprofits and private companies take three weeks to brainstorm a solution to a problem statements posed by sprint organizers, and pitch their ideas at a demo day. The Federal Deposit Insurance Corporation (FDIC) has selected eight teams to participate in a tech sprint on exploring new technologies and techniques to help banks meet the needs of unbanked consumers. The FDIC's tech lab FDITECH, is the group within the FDIC managing the tech sprint. "The FDIC Tech Sprint was specific to the banking industry, but what we are developing is applicable to all sectors," said Trey Maust, Chair of the Operational Resilience Framework Working . This is intended to be the first of several tech sprints focused on fostering stronger operational resilience in banking sector. The second tech sprint program is titled "From Hurricanes to Ransomware: Measuring Resilience in the Banking World," and was held from October 4 to 22, 2021. The FDIC thanks all of the tech sprint participants and evaluation panelists who participated in the From Hurricanes to Ransomware: Measuring Resilience in the Banking World tech sprint, held from October 4, 2021 — October 22, 2021. The FDITECH's sprint program brings a diverse set of stakeholders (e.g., banks, non-profit organizations, academic institutions, private sector companies, members of the public) together in collaborative settings for a short period of time to intensely focus on challenges of importance to the FDIC. The FDIC launched its first tech sprint, Breaking Down Barriers: Reaching the Last Mile of the Unbanked, as an opportunity to engage with non-profits, researchers, academics, private sector companies and others to help expand the capabilities of banks to meet the needs of the unbanked. The FDIC's tech lab FDITECH, is the group within the FDIC managing the tech sprint. Chosen teams that consist of banks, nonprofits and private companies take three weeks to brainstorm a solution to a problem statements posed by sprint organizers, and pitch their ideas at a demo day. A 'sprint' simply refers to a short period of time (typically 2-3 weeks) where teams turn . The FDIC's tech lab, FDITECH, is launching a first-of-its-kind tech sprint by challenging participants to identify better resources and tools to help banks get unbanked households into the banking system and to keep them banked. The FDIC tech lab FDITECH had launched this tech sprint on July 06, 2021 and the submissions were reviewed for . April 05, 2022 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) today highlighted three teams of experts in a Tech Sprint to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person. The FDIC thanks all of the tech sprint participants and evaluation panelists who participated in the Breaking Down Barriers: Reaching the Last Mile of the Unbanked tech sprint, held from August 6, 2021 — September 10, 2021. The winners' and other participants' innovative solutions are being shared by FDITech online and supported for further development. The FDIC and FinCEN thanks all of the tech sprint participants and evaluation panelists who participated in the Measuring the Effectiveness of Digital Identity Proofing for Digital Financial Services tech sprint, held from March 11, 2022 — April 4, 2022. "The FDIC Tech Sprint was specific to the banking industry, but what we are developing is applicable to all sectors," said Trey Maust, Chair of the Operational Resilience Framework Working . The FDIC's Tech Lab (FDITECH) launched a challenge called "From . "The FDIC Tech Sprint was specific to the banking industry, but what we are developing is applicable to all sectors," said Trey Maust, Chair of the Operational Resilience Framework Working Group . The Federal Deposit Insurance Corporation (FDIC) selected Tandem's incident management software as one of three solutions that can help the banking industry become more resilient in the event of a disruption. The FDIC's tech lab FDITECH's sprints were spearheaded in 2021 by Chief Innovation Officer Sultan Meghji, who left the agency on Friday. The Rapid Phase Prototyping Competition and the tech sprint programs highlight that the FDIC and FDITech are determined to employ and encourage the use of technology to advance regulatory . By Regulatory News. Asenso's partnership with the National Asian American Coalition (NAAC) won the Market Readiness prize at the FDIC's Tech Sprint Competition. The tech sprint's evaluation panel selected the following organizations as winners in the following categories: FDIC Selects GRF & TrustMAPP Team as Winner in Effectiveness/Impact Category of Technology Sprint Competition. Tandem Receives Award in FDIC Tech Sprint on Resilience. Recordings of the participants' demonstrations will be made available soon on this webpage. . The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three winning teams in a 'tech sprint' designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. Award Winner (Sept 2021) In the United States, Asenso has built a digital platform for LMI communities in California and Nevada that provides them access to low-interest loans. Recordings of the participants' demonstrations will be made available soon on this webpage. Tandem Receives Award in FDIC Tech Sprint on Resilience Oct 27, 2021 The Federal Deposit Insurance Corporation (FDIC) selected Tandem's incident management software as one of three solutions that can help the banking industry become more resilient in the event of a disruption. Banks, non-profit organizations, academic institutions, private sector companies, and others are invited to participate. On June 16, the Federal Deposit Insurance Corporation (FDIC) announced it would launch a "tech sprint." The sprint-a period of 2-3 weeks-is designed to explore new strategies and technologies to increase the capacity of banks to meet the needs of the unbanked. On June 16, the Federal Deposit Insurance Corporation (FDIC) announced it would launch a "tech sprint." The sprint-a period of 2-3 weeks-is designed to explore new strategies and technologies to increase the capacity of banks to meet the needs of the unbanked. The FDIC and FinCEN thanks all of the tech sprint participants and evaluation panelists who participated in the Measuring the Effectiveness of Digital Identity Proofing for Digital Financial Services tech sprint, held from March 11, 2022 — April 4, 2022. The FDIC's tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on […] FDIC Announces Winners of Tech Sprint to Reach Unbanked Consumers By Regulatory News September 13, 2021 The tech lab of the Federal Deposit Insurance Corporation (FDIC) selected three winning teams in a tech sprint designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The tech lab of the Federal Deposit Insurance Corporation (FDIC) selected three winning teams in a tech sprint designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. ICBA will join the Milken Institute and Sunrise Banks on team iLluMInate. Written By Pat McGlone. WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) and the Financial Crimes Enforcement Network (FinCEN) today announced a Tech Sprint to develop solutions for financial institutions and regulators to help measure the effectiveness of digital identity proofing—the process used to collect, validate, and verify information about a person. FDIC Accepting Applicants for Tech Sprint The Federal Deposit Insurance Corporation (FDIC) is currently accepting applications for participation in its tech sprint "to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions," the agency announced this week. 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