FDIC RFI: Data Analysis and Report Management System for Joint Venture Transactions Program (JVT)

Solicitation Number: 20-00090

“The FDIC JVT program is strategically planning and preparing for a re-design of its data management platform and desires to obtain a more efficient and effective Joint Venture data analysis and report management system.”

“The JVT program seeks to achieve a seamless transfer of JV data directly from the source into a single database repository that could feed data into various internal systems and eliminate manual and duplicate entry of data. The internal systems include FDIC’s general ledger, asset inventory system for assets from failed financial institutions, document retention repositories, data visualization platforms for various reports, and data transmission systems. The solution sought would ideally be a stand-alone system which can provide auto-feeds for data and auto- conduits for reports.”

“The program also seeks robust tools for analysis and reports at the asset-level, JV-level, and JVT-program level. The analysis would be across demographics of the JV assets, from sector, geographic markets, date of origination, date of JV formation, and similar other variables.”

“The program seeks solutions to reduce or eliminate steps to validate routine roll-forward activities and balances from prior period to current period.”

“The program seeks solutions to efficiently facilitate preparation of journal entries for posting instructions to internal accounting operations which reflect the FDIC’s and Receivership’s activities for the reporting period.”

Read more here.

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