FDITECH Opens Registration for Tech Sprint to Reach the Unbanked — 2021-07-06

WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a Tech Sprint designed to explore new technologies and techniques that would help expand the capabilities of banks to meet the needs of the unbanked. Interested organizations can request to participate in this Tech Sprint by visiting the FDIC’s Tech Lab (FDITECH) website. FDITECH recently announced a first-of-its-kind Tech Sprint challenging participants to identify better resources and tools to help banks get the unbanked into the banking system and to sustain those banking relationships over time. Banks, non-profit organizations, academic institutions, private sector companies, and other organizations are invited to participate. “We hope to excite the imaginations of those who see the tremendous possibilities innovation can bring to our banking system,” said FDIC Chief Innovation Officer Sultan Meghji.