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FFIEC Exam Puts First Trust Bank of Illinois, Safe Systems to the Test

 

Jan 23 - Safe Systems, recently ranked among the top providers in the Technology 200 List, and national leader in compliance-centric IT support and hosted services exclusively to financial institutions, has announced First Trust Bank of Illinois has selected and succesfully implemented Safe Systems’ IT network management solution, NetComply, as well as additional services, in order to address regulatory changes and evolving FFIEC guidelines. The bank has outsourced many of it’s day-to-day IT functions and management to a hosted environment with Safe Systems and its’ SOC 2 Type II audited facilities.

First Trust Bank of Illinois is ranked as one of the strongest banks in the nation by Bauer Financial and takes a conservative approach to managing bank operations, as well as the vendor selection process. As a high-performing bank with four branches and nearly $220 million in assets, First Trust looks to ways of automating the delivery of services to streamline bank functions and drive efficiencies. This allows employees to focus more of their time on activities that support revenue generation.

First Trust needed a financial industry-specific expert that could help navigate the increasing security and regulatory demands in today’s banking environment, in accordance with FFIEC guidance. “After more than a year and half of due diligence in selecting the best solution and hosted services provider, Safe Systems was chosen for its breadth of financial industry experience, compliance knowledge and responsiveness,” said Debra Kesinger, senior vice president of First Trust Bank of Illinois. “We don’t have a dedicated IT person on staff and when our examination was scheduled for two short months after implementation, I knew our vendor choice would be put to the test.”  

"First Trust Bank used Safe Systems’ compliance driven and designed reporting to help the examination go well. Additionally, the bank relied on the Safe Systems team of experts to walk an examiner through a question to substantiate everything was as it should be,” continued Kesinger. “We had immediate results from a big decision to move to a hosted provider. We are just as secure and compliant as any money center institution and our burden is significantly lessened, and with one less hat to wear.”

NetComply's comprehensive solution includes server support, alarm and alert sets, reboot programs, automated patch management for servers and workstations delivered with the necessary testing, managed antivirus, hardware and software inventory management, vulnerability remediation, and documentation reporting to verify that the bank’s network is adhering to FFIEC bank regulations policies and procedures. NetComply also includes consulting services for banks and credit unions to increase compliance posture such as technology committee guidance, compliance guidance (e.g. pre- and post-exam support), strategic IT planning, and critical health checks such as quarterly controlled self-assessments as well as an annual system review.

“We are proud to partner with an institution such as First Trust Bank of Illinois. The bank has selected a suite of solutions that will enable them to focus on the work of being bankers, while letting us manage their IT infrastructure,” said Danny Johnston, CEO for Safe Systems. “In a banking environment where many institutions have to do more with less, First Trust has positioned themselves to drive efficiencies, security and overall compliance posture.” 

About Safe Systems
Founded in 1993, Safe Systems is the national leader in providing compliance-centric IT solutions exclusively to financial institutions. As a technology partner recently ranked among the top proviers on the Technology 200 List, Safe Systems has worked with over 600 financial institutions and manages over 25,000 network devices nationwide. Safe Systems' scalable and cost effective solutions include IT managed services, compliance solutions, business continuity and disaster recovery, hosted email, data vaulting, network design and installation, security services, and IT and compliance training. Safe Systems helps financial institutions to significantly decrease costs, increase performance, and improve compliance posture. For additional information about Safe Systems Inc., please visit www.safesystems.com or call 877-752-0550.

 


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