FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked — 2021-08-12

WASHINGTON – 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 FDIC’s tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. This first-of-its-kind tech sprint challenged participants to identify better resources and tools to help banks bring unbanked consumers into the banking system and to sustain those banking relationships over time. “As we work to build the banking system of the future, one of our most important challenges is to make certain that banking is open and accessible to every family,” said FDIC Chief Innovation Officer Sultan Meghji.