NAAC-Talino Finance

National Asian American Coalition, Talino Venture Labs

 According to the FDIC’s How America Banks Report, Black, Hispanic, American Indian and Alaska Native households remain significantly more likely to be unbanked. Given the challenges reaching the ‘last mile’ of unbanked households, and recognizing that community banks are uniquely positioned to meet the needs of this population but also often lack access to data and resources, the FDIC sought tech sprint participants to help answer the following question:

“Which data, tools, and other resources could help community banks meet the needs of the unbanked in a cost-effective manner, and how might the impact of this work be measured?”

FDITECH will host a ‘Demo Day’ next month, inviting these teams to make short presentations to a panel of judges who will evaluate their submissions for creativity, effectiveness/impact, and market readiness.  All submissions will be publicized and ‘winners’ will be chosen in several categories. The FDIC is not offering monetary prizes associated with this tech sprint.

Additional questions about the Tech Sprint can be sent to Innovation@FDIC.gov.