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FDITECH Extends Registration for Tech Sprint to Measure and Test Bank Resilience
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WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today extended the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. Interested organizations may submit applications requesting participation until 5:00pm ET on September 19, 2021.
The extended registration period will not affect the duration of the tech sprint. After a review of applications, the FDIC’s Tech Lab (FDITECH) will invite a select number of organizations and teams, from among private and public sector experts in operational resilience, financial institutions, non-profit organizations, academic institutions, and others, to participate. Selected teams will attend an initial meeting and then work independently on their proposed solutions for a period of approximately three weeks. Finally, FDITECH will host a ‘Demo Day,’ inviting teams to make short presentations to a panel of expert judges who will evaluate their solutions.
For more information or to request to participate in the tech sprint, visit the FDITECH website, From Hurricanes to Ransomware: Measuring Resilience in the Banking World. Additional questions about the Tech Sprint can be sent to Innovation@FDIC.gov.
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