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: February 26, 2014