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'''BITS''' is the technology policy division of the [[Financial Services Roundtable]]. It represents 100 of the largest financial services companies that provide insurance, investment products or banking services.<ref>[http://www.bits.org/ BITS official website]</ref>

'''BITS''' is the technology policy division of the [[Financial Services Roundtable]]. It represents 100 of the largest financial services companies that provide insurance, investment products or banking services.<ref>[http://www.bits.org/ BITS official website]</ref>

It was created in 1996 by the Financial Services Roundtable to better help its members understand and collaborate on new technologies.<ref>[http://www.bits.org/ A short history about the creation of BITS]</ref>

In 1996, CEOs and senior executives of the nation's largest financial institutions recognized the need for an organization to keep up with vast changes brought about by new technologies. At that time, Frank Wobst, then Chairman and CEO of Huntington Bancshares, chaired The Financial Services Roundtable's Technology Task Force. Through his leadership, BITS was created to allow Roundtable members to collaborate on key technology issues affecting the financial services industry.

 

BITS addresses issues at the intersection of financial services, technology and public policy, where industry cooperation serves the public good, such as critical infrastructure protection, fraud prevention, and the safety of financial services. BITS is the technology policy division of The Financial Services Roundtable, which represents 100 integrated financial services companies providing banking, insurance, and investment products and services to the American consumer.<ref>[http://www.bits.org/ A short history about the creation of BITS]</ref>

==.Bank and .Insurance Financial TLD Initiative==

==.Bank and .Insurance Financial TLD Initiative==