BITS, the technology policy division of FSR, addresses emerging technology and operational opportunities for the financial services industry. It has the expertise to help FSR’s members manage risk particularly in cybersecurity, fraud reduction, vendor management and critical infrastructure protection. BITS helps shape public policy coming out of Washington and helps companies understand and stay ahead of the latest public policy issues. Because of its diverse membership, it facilitates collaboration to improve the e-commerce environment for member companies in ways that nobody else can.


  • CTO Corner: Artificial Intelligence Use in Financial Services

    Artificial Intelligence (AI), defined as the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages, has been around for over 60 years. This CTO Corner explores both the potential for AI to transform the financial services industry and challenges it presents.

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    April 2015

  • Registration Open: BITS Emerging Payments Forum
    June 2-3, 2015
    Washington, DC

    The 2015 BITS Emerging Payment Forum is a dynamic conference, bringing together innovators and senior executives from the world’s leading financial services firms, technology companies, security and big data providers and government agencies.

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    March 2015

  • John Carlson, BITS EVP, Interviewed on Al-Hurra

    Hosted by Robert Satloff, “Dakhil Washington” or “Inside Washington” is a weekly in-depth look at the political process in Washington, highlighting issues and the people that impact U.S. policy. John Carlson, Executive Vice President for Technology Risk for BITS, discusses everything from the relationship between government and the financial industry to organized digital crime.

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    March 2015

  • CTO Corner: Tokenization in Financial Services

    Learn more about tokenization in the March issues of the BITS CTO Corner. Tokenization is an important addition to solutions for strengthening the security and privacy of the existing credit and debit card payment products. It, along with other improvements such as EMV and biometric authentication, addresses the current physical and remote credit/debit card payments existing vulnerabilities.

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    March 2015

  • BITS President Testifies before Senate Commerce, Science, and Transportation Committee

    Paul Smocer, BITS President, testified to the Senate Commerce, Science, and Transportation hearing on "Building a More Secure Cyber Furture: Examining Private Sector Experience with the NIST Framework".

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    February 2015

  • CTO Corner: An Assessment of Cyber Insurance

    The February CTO Corner discusses the value and importance of having a robust cyber insurance market place, the factors contributing to this increase in the use of cyber insurance, factors inhibiting the growth of the cyber insurance marketplace, and the impact of recent technology trends.

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    February 2015

  • CTO Corner: Do Drones Have a Role in Financial Services

    The BITS CTO Corner for January explores the potential impact of drones on financial institutions, including whether and how they may be applied, and the challenges they present with respect to resiliency, security, privacy, and regulatory compliance.

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    January 2015