FDIC Information Technology Strategic Plan: 2017 - 2020: Letters from the Chairman, Vice-Chairman, and CIO
Letters from the Chairman, Vice-Chairman, and CIO
Chairman's Message |
|
Chairman |
For more than 80 years, the FDIC has played an essential role in maintaining the stability of, and public confidence in, America's financial system. This system has become increasingly reliant on technology, with consumers relying on the convenience and immediacy of online and mobile banking services. As a result, financial institutions are deploying more technology to address and anticipate consumer demand, as well as to mitigate cybersecurity risks. The FDIC is evolving as well, with information technology (IT) playing an increasingly critical role in how we carry out our mission. Reliable, up-to-date, and secure IT is essential to our mission. IT facilitates and streamlines our day-to-day work and allows us to collaborate seamlessly and securely, both internally and with other agencies, the financial institutions we supervise, and consumers. The 2017–20 Information Technology Strategic Plan gives us a clear path toward modernizing our IT services; phasing out legacy systems; and protecting our people, information, and systems against increasingly sophisticated threats. Most importantly, this plan ensures that our IT solutions are fully aligned with the FDIC's mission to insure deposits, supervise insured institutions, and resolve failed institutions. |
Vice Chairman's Message |
|
Vice Chairman |
Effective IT strategies are able to strike a difficult balance between agility and stability, as well as between accessibility and security. The 2017–20 Information Technology Strategic Plan achieves this balance by striving for scalable systems and operations that are both highly responsive and resilient, and recognizing that critical FDIC information must be readily accessible to the right people and safeguarded from those who would compromise our ability to preserve and promote confidence in the U.S. financial system. As we implement the IT Strategic Plan, we are committed to improving our ability to respond to both new IT opportunities and threats; developing innovative, proactive measures to mitigate those threats; and anticipating the needs of consumers, financial institutions, and our staff. We recognize that these goals can only be accomplished through collaboration and a shared responsibility for IT service delivery across the FDIC. By achieving the goals in this plan, our IT systems—and the FDIC itself—will be stronger. |
CIO's Message |
|
Chief Information and Privacy Officer |
I am pleased to present the 2017–20 Information Technology Strategic Plan, which outlines deliberate steps to modernize and improve the security of the FDIC's information technology infrastructure. This plan will guide our efforts to provide scalable, efficient, cost-effective technology that enables continuous and secure access to data from any place at any time. As responsible stewards of the FDIC budget, we can leverage technology to improve our productivity and make our operations more cost effective in the long run. We have already begun making some of these improvements. We have met federal security requirements for two-factor authentication (i.e., both a Personal Identity Verification (PIV) card and a Personal Identification Number (PIN) are required to access the network). We have begun deploying new technologies to strengthen security for an increasingly mobile workforce. Additionally, we are very close to our goal of having PIV cards issued to all eligible FDIC employees and contractors. The IT Strategic Plan is built on three cross-cutting themes: Collaboration, Resource Optimization, and Innovation. These themes support the five primary goals of our plan: |
The IT Strategic Plan is data-driven, focuses on FDIC business needs, and is the result of extensive input from FDIC staff over the past year. I asked all of the Division and Office Directors to review the plan before finalizing it. We will continue this collaboration as we implement the plan in the coming months and years. Implementation of this plan will help mature the FDIC's enterprise architecture as it begins to define the strategic framework for aligning information resources with business requirements. It will also support governance activities as the achievement of the goals and themes will require a fuller understanding of FDIC's current portfolio of systems, applications, and capabilities Our IT Strategic Plan is thoughtfully designed to address a rapidly evolving IT landscape. The pace of change in the IT world is accelerating, and we have to keep pace. The threat from sophisticated hackers and cyber-attackers grows every day. Despite these challenges, I am confident that we can fulfill the goals outlined here. I am proud to lead a group of talented, smart, and dedicated professionals who, in collaboration with the business, I know will deliver on the vision set out here. This plan should be seen as a living document. It guides our efforts and helps us prioritize, but is broad enough to enable us to address new opportunities and challenges as they arise. In that spirit, I encourage anyone at the FDIC to contact me or my staff with ideas for using IT services and products to enable the FDIC's business lines to be more efficient and innovative in carrying out the FDIC's mission of maintaining the stability of, and public confidence in, the nation's financial system. |
Use the .PDF file for a Printable version.
FDIC Information Technology Strategic Plan: 2017-2020 - PDF 2,889KB (PDF Help)