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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Business Technology Strategic Plan: 2013 - 2017

Executive Summary

Information technology provides business value by enabling more efficient execution of the FDIC’s business capabilities, enhancing the FDIC role of protecting deposits and improving the safety and soundness in our nation’s banking system.   The purpose of this business technology strategic plan is to document the future technology vision for the FDIC and to identify strategic imperatives to achieve that vision.  The plan fuses information technology capabilities and strategies with the business capabilities and strategies of the FDIC.

Information technology is a business enabler.  Information technology strategies deliver business value by supporting business strategies.  By understanding the business strategy, information technology strategies can be developed and executed to support the FDIC staff in carrying out their responsibilities for safeguarding the financial system.  This business technology strategic plan has been developed with input from across the organization to address current and future business needs.   The plan assesses industry, economic, political, and regulatory trends affecting the FDIC; identifies new or improved business capabilities needed to address the effects on the FDIC; and prioritizes the IT capabilities needed to provide these business capabilities and close any gaps in existing capabilities.  The FDIC will use the business technology strategic plan under the guidance of its organizational governing bodies to identify and prioritize systems development projects and IT initiatives for funding and implementation over the next five years.

The business technology strategy of the FDIC is comprised of three key focus areas: applications modernization, strategic imperatives, and business agility.  Over the next five years, we will modernize much of the application portfolio, improving the performance of the insurance, supervision, and receivership management functions.  The modernization effort will be accomplished following roadmaps developed with the business stakeholders.  We will accomplish the three strategic imperatives set out in this plan for advanced analytics, mobility, and electronic document management.  The advanced analytics imperative will implement new capabilities for predictive modeling and data visualization.  The mobility imperative will embrace a “mobile first” strategy to create information once that can be published anywhere.  The needs of an increasingly mobile workforce will be addressed.   With electronic document management, the FDIC will significantly reduce its paper footprint and embrace the concept of information being “born digital” and “staying digital.”  Agility will remain center as we continue to improve business processes and our delivery model through service centers and other activities.  A strong foundation for information technology is critical and we will continue focusing on governance, risk management, security, and flexibility to forge our success.  Performance metrics will be established for accomplishing the strategic imperatives and we will report on the progress of the imperatives.

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