Projects 
Financial Services Technology Consortium thrives when the knowledge of our members comes together in the formation of initiatives that will better the industry as a whole. Our project ideas originate from members, industry organizations, FSTC's Advisory Council, Executive Committee, Board of Directors, and staff.
For background information on FSTC projects including: what they are, what they are not, how we run a project and what resources are required. click here.
Below is a summary of some of the projects which have been completed in recent history.
We welcome your input! If you have a new project idea or would like more information about any of our current ventures, contact us. To attend an informational conference call, or for information about in-person meetings, please contact Dan Schutzer, Executive Director, FSTC.
Current Projects
There are no projects available.
Projects in Formation
Banks are adept at utilizing technology to create, distribute and service financial products. Banks were early adopters of internet-enabled capabilities in the late 1990’s. Today, the mobile channel is emerging as another opportunity for banks to enhance their value to their customers.
The project will lead participants through a series of hands-on activities, facilitated by FSTC and CERT experts to benchmark and enhance their organization’s resilience.
Projects under Development
In cooperation with The Clearing House, Citi, Wells Fargo, and a number of other members and associate members, FSTC is launching a project this spring, to design a new federated platform for identity assurance. The services offered by this platform will enable consumers, businesses, and public agencies to manage identity-based transactions and events by leveraging the Liberty Alliance Framework and assurance levels established by accredited agencies and other standards bodies. The services will be built on market leading technology, open standards, and a resilient infrastructure, designed to support the required business models, and owned and regulated by the financial industry.
Contact Roger Lang, Roger.Lang@fstc.org for details.
In cooperation with the ABA, Citi, Goldman Sachs, JP Morgan Chase, and other members and associate members, FSTC is launching a project to collect best practices, use cases, and leading edge architectural concepts to support the functional and technical requirements for a compliance-centric enterprise-wide architecture, primarily for unstructured content. The project, which is planned to launch with Price Waterhouse Coopers as the project manager in April, will also evaluate the suitability of new XML schemas for the e-discovery requirements of the architecture. For details on the project and how you may participate, contact Roger Lang, Roger.Lang@fstc.org for details.
Completed Projects
This project which will involve the development of use cases dealing with authenticating the FI to Consumers, along with applicable threat analyses, processes, evaluation metrics and the testing of combinations of various important emerging technology solutions against these Financial Services community use cases and requirements. Strong on-line authentication of the FI to the consumer represents a critical component of any successful authentication scheme. Project Prospectus available or contact Dan Schutzer or Chris Nautiyal
The Resiliency Model serves both as a process improvement tool and a roadmap to refining resiliency capabilities for organizations and their partners. It creates unbiased common ground for organizations and vendors to develop cost-effective risk management solutions. This project assumes at its core that true resiliency is a collaborative problem, and that in our increasingly global economy, the problem needs to be addressed as an industry, rather than in isolation. With the reality of increasing, devastating business interruptions due to hurricanes and other natural disasters, terrorist threats, regional infrastructure failures, and breaches in technology security, this initiative is re-defining what it takes for the financial services industry to stay in business, no matter what the circumstances.
This is a joint OMG-FSTC initiative aimed at examining two key financial processes, Account Opening and Funds Transfer, with the goal of minimizing the amount of sensitive personal information exchanged and shared.
This project addresses how the extended enterprise can better protect non-public personal information that is shared with our service providers.
The FSTC is launching a project to enable real-time information sharing on fraud incidents and patterns that will improve fraud forecasting, detection and mitigation. The project will determine the feasibility and benefit of sharing models of fraudulent behavior, for better prediction and mitigation of fraud, and for better forensics investigation and prosecution support.
This is a mini project during which we will test the current version of the Harland printed Capture System Calibration documents developed as a result of the FSTC Project.
The FSTC is proud to sponsor the “Spoof 2007” project conducted by the International Biometric Group. The project will study the capability of biometric systems to resist spoofing, an often overlooked risk to biometric systems.
Explore the possibilities and benefits around an Open Source Development community specifically for financial service firms, and standardization around a set of Software components. Benefits could include:
During the course of the Image Quality and usability project it was determined that there was a need to define metrics associated with the usability of check images. The efforts resulted in submissions of three metrics to the X9 Image Test Registry and the. A comprehensive white paper was also published on Field Usability Test - Presence and Legibility.
