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FFIEC Completes Exam on HEIT

Release Date: 7/26/2010

The FFIEC has successfully completed its Exam on HEIT.  The exam was performed by the FDIC on behalf of the FFIEC.  It is an extensive, three week exam that reviews process, procedures, and operations, with a focus on audit, management, development and acquisition, and support and delivery.  

“This is a great step for the HEIT team.  This further exemplifies HEIT’s commitment to excellence and our position as the premier Technology Management firm for the financial industry,” said HEIT CEO, Dan Holt.

The exam validates HEIT’s extensive internal efforts that have resulted in consistent compliance with SAS-70 Type II, ITIL, ISO 27001-based and numerous other audits.  HEIT’s business model allows institutions to fully or selectively outsource their technology while working very closely with core banking application providers.  Meeting these standards’ requirements has allowed HEIT to engrain strong policies and controls throughout its organization, thereby improving efficiency and keeping HEIT a 100% U.S.-based operation while competitors have sent their work to India and the Philippines.

The exam report will be available to HEIT clients in approximately sixty days by way of their primary regulator.  Because of the strong results of the exam, HEIT clients can significantly reduce their effort in completing due diligence on HEIT in their own exams.   Qualitative results of the exam are included in the client report – based on HEIT’s positive performance, another exam will not be required for two years.

Leveraging the success of the exam, HEIT will also be offering a webinar to the public on best practices and key takeaways that financial institutions can use in their Vendor Management Program.   Information on the date of this webinar will be available at www.goheit.com under Events.  

About HEIT

Financial institutions improve efficiency ratios, performance, and risk management with HEIT's PCS-4 Platform, built exclusively for banks and credit unions to align business technology with business strategy. HEIT provides best-in-class IT performance, compliance, and security managed services to help financial institutions improve profitability and efficiency, reduce risk, and mitigate security threats in the face of market contraction, margin compression, and increasingly complex regulatory environments. Tested as stringently as the most secured financial institution, the platform offers flexible, affordable service levels -- that means HEIT handles risk and technology management so financial institutions can focus on their core business initiatives. Learn more about HEIT at www.goheit.com

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