Featured Product

    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

     

    Related Links

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

    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News
    News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News
    News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582