FDIC Chair Jelena McWilliams Appeals for FinTech Help

FDIC Chair Jelena McWilliams asked technology experts to join the agency and "reshape our supervisory approach in a rapidly evolving digital world."

In a recent article published in the American Banker, Ms. McWilliams solicited "techies" to join the agency and encouraged FinTech firms to engage with her on how banking organizations can offer new products and services to customers. She stated that without technological innovation, the FDIC regulatory framework will not be able to "evolve."

Ms. McWilliams added that the FDIC implemented "FDiTech" as a laboratory to foster technological advances through bank and FinTech collaboration. She appealed, specifically, for those interested in the role of Chief Innovation Officer to lead FDiTech.