How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
FDICconnect's secure file exchange
The FDIC has issued FIL-63-2019 announcing the FDIC's new Enterprise File Exchange (EFX) module via FDICconnect. EFX is a secure application for FDIC-insured institutions to exchange examination-related documentation with the FDIC and State banking authorities.
EFX replaced FDICconnect's Examination File Exchange (EFE) on September 30 as the primary tool for exchanging those documents. EFE will continue to be used for ongoing exams commenced before September 30, and will be phased out around April 1, 2020.