OCC awards $5.3 million e-content contract

The Office of the Comptroller of the Currency in the Treasury Department has awarded Aquilent a contract valued at $5.3 million over two years to develop and support the agency’s Web and Electronic Publishing System. The systems integration combines document management and Web content management, a company spokesman said April 21. The system will provide data to OCC’s bank examiners in a more timely, accessible and searchable format, whether they are working online or offline, the company said. It also increases the integration of bank information into the examination toolset. The publishing system also will automate current paper-based editorial processes; transform OCC’s print/document-centric publishing model into a content-centered one that allows the information to be published in multiple formats and multiple media, electronic and print. The publishing system is part of OCC’s modernization effort to move to a real-time infrastructure that is predictable, flexible and driven by service-level agreements. OCC, which regulates and supervises national banks, will transform its information technology infrastructure during the next three or four years to adapt to rapidly changing business needs from manual processes and stand-alone dated applications to a more automated environment, according to Bajinder Paul, OCC's chief information officer. OCC must be able to respond quickly to events just as financial institutions do, he said at an April 10 industry event sponsored by the Industry Advisory Council. Bank examiners are in a pilot project for a Web-based application for portfolio and project management OCC will deploy by the end of September to help the examiners with scheduling and resource planning, he said. Also later this year, OCC will roll out a platform for collaboration among regional teams called SharePoint, which is now being tested. For examiners who rotate among mid-size banks, the agency implemented at the end of last year an application called ExaminerView for examiners. OCC plans to perform more predictive analytics with a combined data analytics and reporting application targeted for July that looks at mortgage metrics for risk, Paul said. Later this year, OCC will provide requirements for procurements for system support services of its existing business applications, mobile computing and hardware refresh for examiners, and enterprise architecture development for services and ultimately to reduce the number of applications.