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

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News
    News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News
    News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News
    News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News
    News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267