The FDIC was created in 1933 to maintain stability and public confidence in the nation's financial system. Over the last century, the FDIC has evolved to address emerging risks within the financial services sector and carry out its insurance, supervisory, and consumer protection responsibilities.
FDiTech marks a new chapter in the agency’s continued evolution and efforts to ensure safety and soundness in today’s financial market place. Innovative and transformative technologies are rapidly transforming the way banks serve their customers.
Data is the new capital. The question for industry is how to best utilize data and technology to meet consumer demands. The question for regulators is how to allow industry to do so while maintaining safety, soundness, and consumer protection. FDiTech will bridge that gap.
bankers, fintechs, technologists, and other regulators on innovations that will lay the foundation for banking’s future
“tech sprints” and pilot projects to test emerging technologies in cooperation with states and affected federal regulators
and promote the adoption of new technologies by financial institutions, particularly at community banks
banking services to the unbanked, underbanked, and individuals in underserved communities through new technologies
FDIC Chairman Jelena McWilliams
The FDIC is seeking a disruptor who understands the need for transformative change and the process for developing and deploying new technologies in the financial services sector.Learn More
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