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Announcing the FSTC Innovation Awards
Inherent in the mission of The Financial Services Technology Consortium (FSTC) is the goal of harnessing technology's advances and innovative thinking to help solve the challenges of the financial services industry. To underscore this goal,
accelerate solutions, and encourage entrepreneurial innovation, FSTC is pleased to announce the launch of the Consortium's Innovation Awards. The
criteria of these awards include fresh and unique applications of new technology that work toward greater efficiency, security, resiliency and/or
profitability in the industry. Learn More »
RFID Project ResultsThe Financial Services Technology Consortium (FSTC) today announced that it has published RFID Basic Functional and Numbering Requirement for IT Data Center Assets.
Review the project documents »
"The FSTC has a long and rich history of advancing technology for financial services. By providing a unique forum for financial service firms and technology leaders to work together on issues that impact the industry, the industry has been able to serve customers better, safer and in a more cost effective manner."
- Mark Tiggas
FSTC Board Chair
The Power of Partnership
At FSTC's heart are the world's leading financial institutions and the technology and service providers they use. Our subject matters experts comprise the leading technologists and business strategists of the financial services industry. Our project teams are staffed by industry-acknowledged thought leaders who provide trusted expert direction to FSTC investigations. Our staff and oversight groups assure outstanding service to FSTC's members. Our results are authoritative and relied upon by institutions, technology firms, and regulators.
Financial institutions established FSTC in 1993 as the industry's original forum for collaboration on technical issues affecting the financial services industry. Today, FSTC provides a safe, proven and reliable venue where institutions and technology companies explore today's pressing technical issues to strengthen the industry by facilitating competition in an increasingly interactive environment.
One of our members was contacted by a customer who cannot access their site
from a federal government network and/or gov't owned PC due to a mandate for
FIPS compliance (in this case, ciphers supported by the website). Based on
some ad-hoc checking, this would appear to be an issue applicable to other
FI's, as well as vendor sites. Has anyone heard of this issue? Is anyone
aware of the federal government more aggressively rolling out FIPS
compliance mandate on sites accessed from government networks or government
owned PCs? This appears to be about the cipher range being supported by
the site, supporting cipher strengths lower than FIPS 2.0 mandates. The
FIPS compliance setting elevates the cipher strength requirement, and the
same behavior with other peer bank sites being blocked has been observed
when you specify that compliance level in the browser.
Read More »
FSTC aims to achieve one goal: unite those in the industry to work collaboratively in a non-competitive, open forum to solve shared problems
and challenges, as well as pioneer next generation technology that benefits us all. The board of directors plays an integral role in the achievment of this goal.
Learn more about the FSTC Board of Directors »
Current committees include:
Our Standing Committees drive our studies and articles, offering forums for the open discussion of challenges, issues, and
ideas facing leading financial services organizations.
FSTC, DigitalThinking, and KPMG
Mobile Payments and Banking Project
Identify and document technology-enabled opportunities for banks in the mobile arena
FSTC and Carnegie Mellon CERT Collaborate on Resiliency Management and the Resiliency Engineering Framework
"Although our resiliency framework is focused today on Operational Risk,
Disaster Recovery and Security - we might consider how it could be extended
to encompass Managing through the Credit Crisis"
The Framework is available for public comment at www.cert.org/resiliency_engineering .
Get involved with this industry leading initiative. Learn More.
The 2007 FSTC Annual Report is now available.
The new edition of FSTC Innovator, is now available.
This Issue: Innovation in Financial Services
If you are interested in contributing to the next issue of FSTC Innovator, If you are interested in contributing to the next issue of FSTC Innovator,
"Software Assurance and Meeting the Cyber Threat" due out in Dec-Jan, please contact Dan.schutzer@fstc.org if you are interested in contributing to this issue
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Want to see what we're all about?
Participate in one of our conference calls, open to both members and the public.
Review the full calendar. |
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