FDITECH Selects Six Teams in Sprint for Banks to Measure and Test Resiliency — 2021-10-04

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced the selection of six teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. The FDIC’s tech lab, FDITECH, launched registration for From Hurricanes to Ransomware: Measuring Resilience in the Banking World on August 30, 2021. The sprint challenges participants to identify solutions that can be used by institutions of all sizes to measure and test their operational resilience to major disruptions. “We look to these six teams to develop consistent data and measures that all banks can use to assess their resilience to a major disruption,” said FDIC Chief Innovation Officer Sultan Meghji.