Business Technology Strategic Plan: 2013 - 2017
The FDIC is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system by:
- Insuring deposits,
- Examining and supervising financial institutions for safety and soundness and consumer protection, and
- Managing receiverships.
Information technology provides the FDIC with innovative, timely, reliable, and secure services and solutions. 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 business capabilities of the FDIC are documented in Appendix A in a general, schematic format. Business capabilities represent the services and abilities the organization needs in order to achieve its mission. The appendix lists both strategic and operational capabilities of the FDIC.
This plan was developed in partnership with the business lines of the FDIC and is intended as a living document. Business technology strategic planning is a continuous process. The image below illustrates the process of business technology strategic planning, which takes the FDIC Strategic Plan and Annual Performance Plans as input.
The business technology strategic planning process identifies the technology needs of the FDIC to execute its business strategy. The resulting business technology strategy of the FDIC is comprised of three key focus areas: applications modernization, strategic imperatives, and business agility. A strong foundation for information technology is critical to the successful execution of the strategy; the second part of this plan documents how governance, risk management, and flexibility enable the execution.
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