FDITECH Launches New Sprint to Measure and Test Bank Operational Resiliency — 2021-08-16

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in banking. Read more about the tech sprint, From Hurricanes to Ransomware: Measuring Resilience in the Banking World. The FDIC’s tech lab, FDITECH, is challenging tech sprint participants to identify solutions for institutions of all sizes to measure and test their operational resilience to any disruption. The FDIC invites experts in operational resilience, financial institutions, non-profit organizations, consumer advocates, academic institutions, private sector companies, and others to participate. The U.S. financial sector is facing a growing number of threats to its information technology systems, operations, people, and facilities.