FDIC Information Technology Strategic Plan: 2017 - 2020: Executive Summary
This Information Technology Strategic Plan (ITSP) identifies opportunities for the Federal Deposit Insurance Corporation (FDIC) to improve internal operations in a world of ever changing technology. The plan identifies five major goals with supporting objectives designed to improve business capabilities and systems:
- Improve information security and privacy protections against cyber threats and data breaches.
- Ensure that the IT systems supporting mission essential functions are continuously available and provide depositors confidence that their funds are readily available in the event of a crisis or bank failure.
- Develop mobile technologies that offer opportunities for authorized users of FDIC applications to conduct their work in new ways and from remote locations.
- Create new information management and analysis capabilities to assess risk in support of the FDIC’s supervisory responsibilities.
- Improve service delivery and timely response to new business requirements. New capabilities serve both long-term institutional improvements, but the FDIC’s readiness in the event of unexpected challenges.
Achieving these goals will significantly improve FDIC operations and the value the FDIC provides to the nation’s financial system. New capabilities in cloud computing and changes in physical infrastructure will provide continuous availability of mission essential functions. Mobile technologies will afford the FDIC flexibility to conduct its work from different locations in response to changing business situations. New capabilities in analytics will improve FDIC insights into financial institutions and enable the FDIC to be more effective in carrying out its core mission responsibilities.
Three crosscutting themes — Collaboration, Resource Optimization, and Innovation — are applied across these goals. These themes ensure that any planned changes encourage engagement between the FDIC business divisions and the Chief Information Officer Organization (CIOO), optimize resource utilization through solid planning and execution, and ensure that the FDIC is continuously exploring innovative ways to improve its business.
Furthermore, the activities required to achieve these goals and support these themes will move FDIC enterprise architecture and governance processes further along the maturity curve, creating the infrastructure needed for sustainable results.
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