FFIEC IT Examination Handbook Update: Mobile Financial Services

FDIC Subscriptions sent this bulletin at 04/29/2016 03:07 PM EDT

Financial Institution Letter

Mobile Financial Services:
Update to FFIEC IT Examination Handbook Series 		FIL-31-2016
4/29/2016

Summary:

The Federal Financial Institutions Examination Council (FFIEC) has issued a new appendix, Mobile Financial Services, to the Retail Payment Systems booklet of the FFIEC Information Technology Handbook. The appendix provides guidance to assist examiners in evaluating the risks associated with mobile financial services.

Statement of Applicability to Institutions with Total Assets under $1 billion: This Financial Institution Letter applies to all FDIC-supervised institutions.

Suggested Distribution:
FDIC-Supervised Banks (Commercial and Savings)

Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2016/fil16031.html

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