The Federal Deposit Insurance Corporation is taking the next step to tackle its big data problem by prototyping four tools from industry.

The State Department is pushing software development tools out to its mission areas.

Both agencies are using these approaches to solve long-standing technology challenges.

Sylvia Burns, FDIC chief information officer, said the rapid prototyping initiative moved into a key phase this summer.

In August, the FDIC chose four companies— Novantas, Palantir Technologies, PeerIQ and S&P Global Market Intelligence—to accelerate the adoption of modern technological tools to potentially help financial institutions draw inferences from their data, and improve data structure, portability and processing that may support more efficient back-office operations and reporting.

Sylvia Burns is the CIO at the Federal Deposit Insurance…

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