FDITECH Selects Three Teams in Sprint to help Banks Measure and Test Resiliency — 2021-10-25

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of three teams in a ‘sprint’ designed to explore new technologies and techniques to help community banks, and the banking sector as a whole, evaluate how well they can withstand a major disruption of any type. The sprint’s evaluation panel selected the following organizations as winners in the following categories: Creativity Data Society Data Society, Google Effectiveness/ GRF Operational Resilience Global Resilience Federation, Secure Impact Assessment Digital Solutions Inc. Market Readiness Tandem Tandem LLC, CoNetrix LLC FDIC Chief Innovation Officer Sultan Meghji said, “Technology offers a tremendous opportunity to build a stronger, more resilient banking system.