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What is BITS

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Stands for Banking Institute Technology Secretariate but not sure of it's function. Can anyone help me.

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by mc_user

Is this it?

http://www.bitsinfo.org/

"BITS, the Technology Group for The Financial Services Roundtable, was formed by the CEOs of the largest bank-holding institutions in the United States as the strategic "brain trust" for the financial services industry in the e-commerce arena."

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