Streamlined Data Collection

Streamlined Data Collection

Solution

Streamlined Data Collection

The FDIC in 2020 launched a TechSprint that aims to explore new data collection solutions for a timelier and less burdensome regulatory reporting process. This is an initial step towards the FDIC’s long-term goal of having a regulatory reporting solution that would allow “on-demand” monitoring of banks as opposed to being constrained by “point-in-time” reporting.

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