Cybersecurity Solutions Demand Federal Financial Institutions Examination Council has emphasized cybersecurity risk management practices through tools like the FFIEC CAT, presenting an opportunity to offer cybersecurity solutions and risk assessment services to financial institutions.
IT Handbook Updates With the release of updated IT examination handbooks focusing on Software Escrow arrangements, Development, Acquisition, and Maintenance, there is a potential sales opportunity to provide software escrow services and IT consultancy to ensure compliance and efficiency.
Compliance & Discrimination Monitoring The launch of principles guiding regulators on monitoring discrimination in appraisals and evaluations indicates a market for compliance solutions for ensuring fair lending practices and non-discriminatory financial services.
Data Analysis Tools The introduction of the Snapshot National Loan-Level Dataset and Median Family Income Report creates a sales avenue for data analytics tools and services tailored for financial institutions to enhance decision-making and regulatory reporting.
Regulatory Guidance Expertise Given the FFIEC's role in providing regulatory guidance, there is an opportunity to offer training, advisory, and consulting services to help financial institutions navigate complex regulatory environments and ensure regulatory compliance.