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FFIEC (Federal Financial Institutions Examination Council)

The Federal Financial Institutions Examination Council (FFIEC) is an interagency body established to promote uniformity in the supervision of financial institutions in the United States. It's essential for maintaining the stability and soundness of the financial system by providing guidance and standards for examinations and risk management. FFIEC is crucial for fintech companies as it ensures they adhere to the same regulatory standards as traditional financial institutions, fostering fair competition and protecting consumers in the evolving financial landscape.

How We Can Help

Compliance Assessment: We meticulously assess your organization against relevant FFIEC requirements, such as those outlined in the FFIEC IT Examination Handbook and Cybersecurity Assessment Tool, to identify any compliance gaps.

Gap Remediation: We develop and implement a comprehensive plan to close identified gaps, which may involve implementing new controls, updating policies, or enhancing existing processes.

Documentation: We thoroughly document all compliance efforts, including risk assessments, control implementation procedures, and ongoing monitoring practices.

Internal Audit: We design and conduct internal audits to independently evaluate the effectiveness of your FFIEC compliance program and pinpoint areas for enhancement.

Regulatory Examination Preparation: We equip your organization for potential examinations by FFIEC regulators, ensuring you're well-prepared to demonstrate compliance with all relevant requirements.

FFIEC (Federal Financial Institutions Examination Council)

How We Can Help

Compliance Assessment: We meticulously assess your organization against relevant FFIEC requirements, such as those outlined in the FFIEC IT Examination Handbook and Cybersecurity Assessment Tool, to identify any compliance gaps.

​

Gap Remediation: We develop and implement a comprehensive plan to close identified gaps, which may involve implementing new controls, updating policies, or enhancing existing processes.

​

Documentation: We thoroughly document all compliance efforts, including risk assessments, control implementation procedures, and ongoing monitoring practices.

​

Internal Audit: We design and conduct internal audits to independently evaluate the effectiveness of your FFIEC compliance program and pinpoint areas for enhancement.

​

Regulatory Examination Preparation: We equip your organization for potential examinations by FFIEC regulators, ensuring you're well-prepared to demonstrate compliance with all relevant requirements.