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Financial Services Technology Consortium (FSTC)

Overview: The Financial Services Technology Consortium (FSTC) sponsored collaborative technology development - pilots, proofs-of-concept, tests, and demonstrations - supported by member financial institutions and technology companies. Its aim was to bring forward interoperable, open-standard technologies that provide critical infrastructures for the financial services industry. The Consortium comprised financial institutions, technology vendors, independent research organizations, and government agencies. FSTC provided a project-oriented collaborative research and development environment where members could compare technologies, validate specifications to determine if they worked and could be implemented, and prototyped new infrastructures for financial transactions. FSTC achieved these goals by sponsoring side-by-side comparisons of emerging technical solutions in the laboratory and in actual field operations, and validating early implementations of emerging industry specifications. *Merged with Financial Services Roundtable in 2009

Specifications: Not available

IPR Policy: Not available

Current Status: Inactive

Last Updated: May 28, 2014


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