FDIC
FDIC stands for the Federal Deposit Insurance Corporation, an independent U.S. agency that protects depositors by insuring deposits in banks and savings institutions.
Established in 1933 in response to widespread bank failures, the FDIC helps maintain stability and public confidence in the financial system. As of today, it insures deposits up to $250,000 per depositor, per insured bank, for each account ownership category.
Why It Matters for Intranets
Banks insured by the FDIC must follow strict operational and compliance guidelines. A secure intranet helps banks stay aligned with these requirements - particularly when it comes to policy distribution, version tracking, and documentation of operational controls.
Common Intranet Use Cases Related to FDIC Compliance
- Publishing and tracking internal procedures
- Automating compliance reviews
- Providing documentation for audits
- Training staff on FDIC-insured best practices
How SimplifyIT Supports FDIC Compliance
Our intranet platform supports FDIC-regulated institutions by streamlining documentation workflows, enforcing version control, and creating audit-ready trails of employee acknowledgment and access.
Learn how SimplifyIT supports banks with FDIC compliance needs