FDIC Enterprise Architecture Framework: Difference between revisions

Revision as of 02:07, 12 January 2011

Revision as of 02:19, 12 January 2011

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[[Image:FDIC’s Enterprise Architecture Framework.jpg|thumb|320px|FDIC’s Enterprise Architecture Framework from 2005.<ref>OIG (2005). [http://www.fdicoig.gov/reports05/05-018-508.shtml Implementation of E-Government Principles]. May 2005</ref>]]

'''FDIC Enterprise Architecture Framework''' is the [[Enterprise Architecture framework]] of the [[Federal Deposit Insurance Corporation]] (FDIC), developed around 2005, and currently anno 2011 out-of-date.

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== EA framework topics ==

=== FDIC EA framework ===

The FDIC EA framework includesfrom 2005 included five components.

* ''[[Business Architecture]]'' : The Business Architecture describes the activities and processes performed by the Corporation to achieve its mission and to realize its vision and goals. Developing the Business Architecture is the first step in creating an Enterprise Architecture (EA) that links the Corporation's business needs to its Information Technology (IT) environment. Maximizing IT support for these requirements will optimize Corporate performance.<ref name="FDICOIG05"/>

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=== Future IT Development ===

[[Image:Self-Funding Model for Future IT Development.jpg|thumb|320px|Self-Funding Model for Future IT Development, 2008.<ref name="FDIC08"> CIO Council (2008) [http://www.fdic.gov/about/strategic/it_plan/IT_Strategic_Plan_2.pdf Information Technology Strategic Plan 2008–2013], January 23, 2008.</ref>]]

The banking business model has become more complex, giving rise to financial instruments such as collateralized debt obligations (CDOs) and [[structured investment vehicle]]s (SIVs) to manage risk. These instruments have created greater dependencies between the domestic and international financial markets. Financial institutions must, therefore, strike a balance between regulatory, legislative and banker concerns while appropriately managing risk.<ref name="FDIC08"/>

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=== Five-Year Technology Roadmap ===

The technology roadmap outlines the major initiatives for standardizing the IT environment and increasing IT’s efficiency and effectiveness over the next five years. The initiatives were determined by various sources including business-side IT roadmaps, executive management planning meetings, client planning sessions, and client year-end reviews. The three major initiatives identified are enterprise architecture, security and privacy programs, and fiscal discipline.<ref name="FDIC08"/>

[[Image:Five-Year Technology Roadmap.jpg|thumb|360px|Five-Year Technology Roadmap, 2008.]]

The enterprise architecture initiative will focus on simplifying the environment to ensure stable and economical performance for mission-critical applications. Simplifying the environment to decrease costs will include activities, such as decreasing the number of application systems and migrating applications off the mainframe. Efficiencies will also be gained by expanding capabilities for manipulating large data sets and storing traditional paper-based files electronically. The SOA service center will manage code (or services) for all development teams to discover and use, which will save time and costs in application development, testing and deployment.<ref name="FDIC08"/>

The Corporationorganization will continue to enhance IT security and privacy programs to address new and evolving risks by improving controls over sensitive data. In some cases, technology, such as scanning outgoing e-mail for sensitive information and encrypting removable storage devices, can mitigate potential risks. The other cornerstone of mitigating risk is educating employees of emerging security and privacy issues.<ref name="FDIC08"/>

Lastly, in order to continue sound fiscal discipline and responsibility, the Corporationorganization will establish IT baselines and metrics, study steady-state costs, manage service level agreements, and more judiciously choose new development projects. These three areas – enterprise architecture, security and privacy programs, and fiscal discipline – are shown below with the estimated time frames.<ref name="FDIC08"/>

== See also ==