�Y��׿�*T��y����9�p���,uVbjmV[r_Յ�ݫ����6�Ũ��d�����T5��;�;�D5c.�-W�:+7�)+�e��Ӭn��V� �Y�]�����`AL��{I�g�:tf�^�m��!���a1!��F5����=� ��� e�ӌAJ�q��J��*��(�D�������g��mUT�k�v�Ut�l����]?�n���w�,;���<�T����G�� �>�}��!.
If a comprehensive risk assessment supports a management conclusion that the risks associated with RDC can be effectively mitigated, measured, and monitored, management should implement appropriate risk management policies. There also may be risks related to Web application vulnerabilities, authentication of a customer to the RDC system, and encryption used at any point in the process. This will help ensure that the monitoring and reporting process accurately reflects current policies and procedures and sound practices. Financial institutions’ interest in RDC has led to a proliferation of RDC technology service providers and RDC hardware and software suppliers. Risk Management: Risk Assessment Although deposit taking is not a new activity, RDC should be viewed as a new delivery system and not simply as a new service. Institutions should ensure that customers using RDC have implemented operational and risk monitoring processes appropriate to their choice of technology. It is popular among peers I have shared it with.

Prior to implementing RDC, senior management should identify and assess the legal, compliance, reputation, and operational risks associated with the new system. A financial institution’s RDC risk assessment should include a determination of the risks to the security and confidentiality of nonpublic personal information consistent with the Interagency Guidelines Establishing Information Security Standards (Guidelines). ... Risk Assessment. For example, the contracts should cover risks and responsibilities relative to the physical equipment used by the customer in the RDC process. Contracts and agreements should be appropriate for the institution’s specific RDC environment and should identify clearly each party’s roles, responsibilities, and liabilities. Although deposit taking is not a new activity, RDC should be viewed as a new delivery system and not simply as a new service. Additional due diligence may be necessary where there is evidence that the RDC capture device is in a foreign location, or when a customer has been otherwise identified as being high risk. The Management Booklet of the FFIEC IT Examination Handbook and the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual provide high-level descriptions of risk management processes that include planning, risk identification and assessment, controls, and measuring and monitoring.


The financial institution’s business continuity plan should address RDC systems and business processes, and the testing activities should assess whether restoration of systems and processes meets recovery objectives and time frames.

Remote Deposit Capture (RDC), the digital processing of paper checks and monetary instruments at remote locations for deposit and clearing through the check (image) or ACH networks, has expanded rapidly in recent years and is being used at financial institutions and at customer locations. The guidance calls for financial institutions to evaluate their risk to determine their own Remote Deposit Capture provisions, which can sometimes be even more challenging. The Business Continuity Planning Booklet of the FFIEC IT Examination Handbook provides more guidance on the process. Risk Management and Controls for Remote Deposit Capture can be monitored in two ways, depending on the level of risk determined by the financial institution: I.T. As with other financial services, RDC may not be. The Remote Deposit Capture Risk Assessment Workbook guides you in completing the step-by-step risk assessment. endstream endobj 80 0 obj <> endobj 81 0 obj <> endobj 82 0 obj <>stream appropriate for all customers or for all financial institutions. In addition, the financial institution should review available reports of independent audits performed at the customer location related to IT, RDC, and associated operational processes. Our reliable tools will assist your staff in assuring compliance requirements are met.

The financial institution should evaluate potential risks and regulatory requirements under Bank Secrecy Act laws and regulations when designing and implementing RDC.
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remote deposit capture risk assessment template


Comprehensive contracts and customer agreements should identify clearly the roles, responsibilities, and liabilities of all parties in the RDC process to minimize exposure to legal and compliance risks. A financial institution may determine that risks associated with RDC warrant greater customer selectivity than the risks associated with traditional deposit services and may choose to reduce and control those risks by limiting the availability of this system. hޤ�]o�0��ʹ�.��'H���4:�D�$ąD�J\����81ƴ�Ud�:�9>��#�(��!�0a����0���puEn��.1�h���YF#2�Jcߥ)�d��� 3[{^W�D���LI��f9��os���F[1F�q�Lf@?QNҗ�>�$ծ�]�Y����V��:�l 0J)�ѭ5�L�i�6 ��u8�T�� �1���hL��Ν�"�_>�Y��׿�*T��y����9�p���,uVbjmV[r_Յ�ݫ����6�Ũ��d�����T5��;�;�D5c.�-W�:+7�)+�e��Ӭn��V� �Y�]�����`AL��{I�g�:tf�^�m��!���a1!��F5����=� ��� e�ӌAJ�q��J��*��(�D�������g��mUT�k�v�Ut�l����]?�n���w�,;���<�T����G�� �>�}��!.
If a comprehensive risk assessment supports a management conclusion that the risks associated with RDC can be effectively mitigated, measured, and monitored, management should implement appropriate risk management policies. There also may be risks related to Web application vulnerabilities, authentication of a customer to the RDC system, and encryption used at any point in the process. This will help ensure that the monitoring and reporting process accurately reflects current policies and procedures and sound practices. Financial institutions’ interest in RDC has led to a proliferation of RDC technology service providers and RDC hardware and software suppliers. Risk Management: Risk Assessment Although deposit taking is not a new activity, RDC should be viewed as a new delivery system and not simply as a new service. Institutions should ensure that customers using RDC have implemented operational and risk monitoring processes appropriate to their choice of technology. It is popular among peers I have shared it with.

Prior to implementing RDC, senior management should identify and assess the legal, compliance, reputation, and operational risks associated with the new system. A financial institution’s RDC risk assessment should include a determination of the risks to the security and confidentiality of nonpublic personal information consistent with the Interagency Guidelines Establishing Information Security Standards (Guidelines). ... Risk Assessment. For example, the contracts should cover risks and responsibilities relative to the physical equipment used by the customer in the RDC process. Contracts and agreements should be appropriate for the institution’s specific RDC environment and should identify clearly each party’s roles, responsibilities, and liabilities. Although deposit taking is not a new activity, RDC should be viewed as a new delivery system and not simply as a new service. Additional due diligence may be necessary where there is evidence that the RDC capture device is in a foreign location, or when a customer has been otherwise identified as being high risk. The Management Booklet of the FFIEC IT Examination Handbook and the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual provide high-level descriptions of risk management processes that include planning, risk identification and assessment, controls, and measuring and monitoring.


The financial institution’s business continuity plan should address RDC systems and business processes, and the testing activities should assess whether restoration of systems and processes meets recovery objectives and time frames.

Remote Deposit Capture (RDC), the digital processing of paper checks and monetary instruments at remote locations for deposit and clearing through the check (image) or ACH networks, has expanded rapidly in recent years and is being used at financial institutions and at customer locations. The guidance calls for financial institutions to evaluate their risk to determine their own Remote Deposit Capture provisions, which can sometimes be even more challenging. The Business Continuity Planning Booklet of the FFIEC IT Examination Handbook provides more guidance on the process. Risk Management and Controls for Remote Deposit Capture can be monitored in two ways, depending on the level of risk determined by the financial institution: I.T. As with other financial services, RDC may not be. The Remote Deposit Capture Risk Assessment Workbook guides you in completing the step-by-step risk assessment. endstream endobj 80 0 obj <> endobj 81 0 obj <> endobj 82 0 obj <>stream appropriate for all customers or for all financial institutions. In addition, the financial institution should review available reports of independent audits performed at the customer location related to IT, RDC, and associated operational processes. Our reliable tools will assist your staff in assuring compliance requirements are met.

The financial institution should evaluate potential risks and regulatory requirements under Bank Secrecy Act laws and regulations when designing and implementing RDC.

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