The first thing any bank has to do in its response to Part 370 is evaluate its current state of readiness. We are well positioned to help firms assess readiness along a number of dimensions:
- Data availability and reliability
- Systems architecture
- Organizational structure
We have helped dozens of organizations, both within financial services and elsewhere, study their readiness to respond to regulatory requirements, market forces, and competitive challenges. Once a baseline readiness is established, the bank can move on to an implementation roadmap.
Read our perspective to learn the importance of digital account opening in the touch-free Covid-19 era and the top 10 questions you should ask yourself when evaluating your capabilities.
If you are interested in learning more about FDIC Part 370 and how we can help you comply with the rule, please download our comprehensive guide or complete the contact form at the bottom of this page.