Banking and Finance Law Daily Wrap Up, FINANCIAL TECHNOLOGY—FDIC, FinCEN seek new ways to measure ‘identity proofing, (Jan 12, 2022)

By Jacob Bielanski

Announced as part of the FDIC’s “Tech Sprint” program, applicants would have until March to present ways to measure an identity verification system’s effectiveness at financial institutions.

The Federal Deposit Insurance Corporation and the Financial Crimes Enforcement Network (FinCEN) announce ...