S&P Global Market Intelligence, LLC Moves to Next Phase in FDIC Rapid Prototyping Competition

S&P Global Market Intelligence, LLC, is among 14 technology companies that will compete in the next phase of the FDIC’s Rapid Prototyping Competition. The competition is a ‘tech sprint’ designed to develop an innovative new approach to financial reporting, particularly for community banks.

The objective of the Rapid Prototyping Competition is to develop technology for a timelier and less burdensome financial reporting process. Once completed, the system would better equip regulators to detect signs of risk and to take early actions designed to protect consumers, banks, the financial system and the economy.

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