FDIC and FinCEN: Launch Digital Identity Tech Sprint
- FDIC & FinCEN announced a Tech Sprint to develop solutions for financial institutions
- Through the Tech Sprint tech lab (FDITECH) and FinCEN seek to increase efficiency and account security
- Digital identity proofing is a foundational element to enable digital financial services to function properly
- This element is challenged by the proliferation of compromised personally identifiable information (PII)
- In the coming weeks, companies will open registration for this Tech Sprint
- Interested individuals will have approximately two weeks to submit applications
