In order to support the initial and ongoing response to Part 370, most organizations will need to implement new processes around data and account management, reporting, and file generation. While each of these process updates can happen individually under those projects, it would be beneficial for a company to take a holistic approach to process reengineering. Perficient can help companies streamline this effort by:
- Documenting existing processes
- Identifying key functions and stakeholders
- Identifying functional interdependencies
- Assessing staffing needs
Using these inputs, we can help design an end-to-end Part 370 process that encompasses key touchpoints with existing bank processes, key changes required to staffing and operations, and documentation to validate the new processes to management and regulators.
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.