U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the U.S. Congress to maintain stability and public confidence in the nation's financial system. The FDIC is a recognized leader in promoting sound public policies, addressing risks in the nation's financial system, and carrying out its insurance, supervisory, consumer protection, resolution planning, and receivership management responsibilities.

The FDIC and Archer integration allows you to centralize the RSS feeds from the FDIC site and store the data in a searchable, standardized format within Archer. It captures and stores an abstract of the issue and a link to an external site (such as the regulatory news article) that helps to analyze regulatory news and alerts as they pertain to your organization's critical business processes.

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Release notes

Release Date

Version

Comment

July 2024

2024.03

Recertified on Archer platform release 2024.03. Renamed installation package to reflect release version but no changes were made to the data feed

July 2023

6.13

Updated documentation

Overview of U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content Integration

Benefits

With the U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content Integration, you will be able to:

  • Consolidate Regulatory Intelligence Data.

  • Get updates on recent events, current news and information.

  • Automatically pulls the data into Archer on a scheduled basis.

Prerequisites (ODA and system requirements)

Components

Prerequisites

Archer Solution Area(s)

Archer Regulatory & Corporate Compliance Management

Archer Use Case(s)

Archer Corporate Obligations Management

Archer Applications

Regulatory Intelligence Items

Uses Custom Application

No

Requires On-Demand License

No

Archer Requirements

Archer Platform Release 2024.03 and later

Archer Supported Environments

The following Archer environments are supported:

  • On-Premises

  • Archer SaaS

Additional resources

The following additional resources are available for this offering:

U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content Integration components

Architecture diagram

Business process

The business process follows the following flow:

  1. FDIC posts the most recent news, alerts, or updates on regulatory compliance on their website in several formats, including XML. This includes:

    • Current FDIC news and information;

    • Reports provided by the independent unit that conducts audits, investigations, and other reviews of the FDIC programs and operations; and

    • Advisories to bankers regarding the latest changes in policies or procedures, or new products available.

  2. The integration pulls the below mentioned data from the source: FDIC website and imports the

    data into Target: Archer’s Regulatory Intelligence Items application within the following fields:

    • title -> Title

    • Source -> Source

    • link -> Link

    • pubDate -> Date Published

    • guid -> GUID

    • description -> Abstract

Installing U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content Integration

Installation overview

This section provides instructions for configuring the integration. This document is not intended to suggest optimum installations or configurations.

It is assumed that the reader has both working knowledge of all products involved, and the ability to perform the tasks outlined in this section. Administrators should have access to the product documentation for all products to install the required components.

The prerequisite use cases must be installed and working prior to the integration. Perform the necessary tests to confirm that this is true before proceeding.

Prerequisites (system requirements)

The Regulatory Intelligence Items application is required for installation and operation of the U.S. Federal Deposit Insurance Corporation (FDIC) Data Feeds Content Integration. It serves as a target application for the data feed.

Setting up data feed

The following data feed issued as a part of the integration process:

For data feed configuration, perform the following steps:

  1. Log into the Archer platform and click the Administration workspace tab.

  1. Click Data Feeds in the Navigation Menu under Integration.

  1. Click the Import link and browse to the [File_Name].dfx5.

  1. Verify settings on the General Information tab. Be sure to change the status to Active before using the feed.

  1. Verify the settings on the Transport tab.

    Note: Default Retrieval Count is set to 1 Day. Update this as per your requirement.

  1. Verify the settings on the Source Definition tab. This will be pre-configured to identify the necessary fields to generate a score snapshot.

    Note: The Source Field on the Source Definition tab will be automatically populated when you import the data feed. Repopulating the fields by clicking on “Load Fields” will lead to removal of one pre-populated field from the list (i.e. Source). Hence, add a new field by clicking on “Add New” and rename as “Source” and select field type “Static Text” with appropriate value in the Text editor (see screenshots below). Also, be sure that the data mappings are configured correctly after the load fields.

  1. Verify the settings and mappings on the Data Map tab.

    Note: If an article with same GUID is provided by multiple feeds, then Source is replaced in the record. If you want to append the source information, update the field configuration to allow multiple values in selection and then update the data mapping configuration to append for the Source field.

  1. The Key Definition fields should be pre-populated based on the information from the DFX import file. Ensure that the Key Definition field (GUID) is set.

  1. The final configuration step is to schedule the data feed. Click the Run Configuration tab and configure the frequency and start time of the Data Feed.

  1. Click Save to apply your configuration to the data feed. Click on Run Now to run the data feed immediately. Click the data feed status (Completed/Faulted/Warning etc) link for additional information on the status of the feed or to troubleshoot any feed errors.

Certification environment

Date tested: July 2024

Product Name

Version Information

Operating System

Archer

2024.03

Windows