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    FDIC Selects Eight Teams in Tech Sprint on Reaching Unbanked Consumers

    August 12, 2021

    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. FDITECH, the FDIC tech lab, had launched this tech sprint on July 06, 2021. Recognizing that community banks are uniquely positioned to meet needs of the unbanked, FDIC sought tech sprint participants to address which data, tools, and other resources could help community banks meet these needs cost-effectively and how might the impact of this work be measured. The FDITECH sprint program brings together a diverse set of stakeholders, including banks, non-profit organizations, academic institutions, private sector companies, and public, in collaborative settings for typically 2-3 weeks to focus on challenges of importance to FDIC.

    FDITECH will host a Demo Day on September 10, 2021 and invite the selected teams to make short presentations to a panel of judges, who will then evaluate their submissions for creativity, effectiveness or impact, and market-readiness. Winners will be chosen in more than one category. The following teams have been selected for this activity next month:

    Team Name
    Organizations
    Community Connect/eBus The Community College Foundation
    Discover Wellthi Discover BankandWellthi
    FinCluiDo Global Atlantic Partners,GCS Dominicana,Incedo
    FIS & Long Game FIS,Long Game,Citizens Trust
    Goalsetter Goalsetter
    iLluMInate Milken Institute,Sunrise Banks,Independent Community Bankers of America
    NAAC-Talino Finance National Asian American Coalition,Talino Venture Labs
    Onramp Amazon Web Services,Narmi,Galileo

     

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    Keywords: Americas, US, Banking, FDITech, Fintech, Regtech, Techsprint, Financial Inclusion, FDIC

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