FSTC | Financial Services Technology Consortium

FSTC At A Glance

What is the FSTC?

Formed in 1993, FSTC is a consortium of leading North American-based financial institutions, technology vendors, independent research organizations, and government agencies, whose goal is to bring forward, test, prove, and validate the next generation of critical financial services technologies and how they can be applied industry wide.

What does FSTC do?

Critically compares new technologies. FSTC committees and members research existing and emerging technologies to find out if the products studied are ready for prime time, what are the technical pros and cons, and how solid the product is in the marketplace, so that you can decide if you should invest effort in it now, or wait for new developments.
Validates new specifications. Real world viability is one of our prime concerns. We look at new and existing industry specifications to determine if they deliver what they promise, and if the implementation will work across the board.
Proves or prototypes new infrastructures. FSTC brings forward entire new frameworks in three ways: prototypes, proof of concept, and pilots. Recent projects have sought to discover if secure end-to-end infrastructure for wireless financial services be demonstrated, and if an entirely electronic check be devised.

What's in it for me?

Benefits to member financial institutions and their FSTC project participants include:

Reduce the risks inherent in "going it alone" on developing technology standards, including the risk of mistakenly under-investing in essential developments
Eliminate the expense of redundancy in "going it alone" in technology standards development
Ensure that your organization knows how other firms are moving against similar problems
Gain insight into the thinking of your peer financial institutions
Assess solution providers' service and product offerings up close, outside of a pressured sales environment or impersonal RFP
Know where your company's product and service mix fits in -- now, and for the future
Gain consensus on requirements and standards that enable your market strategies
Learn where new market offerings are possible
Discover where new strategic alliances are possible
Be part of a team of institutions and technology/service providers that is inventing the future of the industry

For technology companies, we also offer benefits that fit your unique needs, including:

Gain insight into the thinking of financial institutions
Influence the direction the industry takes via FSTC initiatives
Help financial institution decision-makers gain confidence in your company's people, products, and services
Grab the attention of financial institutions who may not yet be your customers
Network with peers to stay up-to-date on their efforts
Know where your company's product and service mix fits in, both now and for the future
Learn where new product offerings might make sense
Discover where new strategic alliances for your company are possible
Be part of a team of institutions and technology/service providers that are pioneering the future of the financial services industry

Who are our members?

Financial Institutions	Technology Vendors	Advisory and Provisional Members
BB&T Corporation Capital Group Capital One Citigroup Comerica Bank Discover Financial Services, Inc. Fidelity Brokerage Corp Huntington National Bank Johnson Bank JPMorgan Chase Marshall & Ilsley Corp. Sterling National Bank University Bank US Bank Wachovia Wells Fargo Bank	ACI Worldwide AMD BetterBuyDesign ClairMail Computer Associates Digital Check Corporation eBay Epson America Ernst & Young Fiserv IBM IdenTrust, Inc. Inlite Research Inc Intercomputer Corporation KPMG MasterCard International Metavante Corporation MFoundry OR Technology Orbograph Panini North America Parascript PSS Systems Silver Bullet Technology SmartTrust The 41st Parameter	American Bankers Association Anti-Phishing Working Group BITS Canadian Payments Association Federal Reserve Bank Gillespie International, Inc. Glenbrook Partners InterIsle Consulting Group MIT Kerberos Consortium MorSecure NACHA NCHA-The National Clearing House Object Management Group Open Group (OSF) Polytechnic University U.S. Department of the Treasury W3C

Who Governs FSTC?

FSTC is governed by its Board of Directors and its Operations Committee. FSTC has a dedicated Staff for day-to-day operations and project oversight.

How do I contact FSTC?

Financial Services Technology Consortium (FSTC)
44 Wall Street, 12th floor
New York, NY 10005

Phone: (212) 461-7116
Fax: (646) 349-3629
or use our contact form.