The Small Business Administration intends to establishÂ a new information technology platform designed to help the agency manage its records pertaining to the Small Business Investment Company program.
SBA said Thursday in a Federal Register notice it will implement theÂ SBICÂ Information System as part of efforts toÂ address the program’s risk management andÂ regulatory oversight issues.
SBICIS is composedÂ of a data warehouse,an information portal andÂ risk,Â investment andÂ customer relationship management tools. The platform will work to store dataÂ electronically and protect filesÂ through multiple security measures such as user permissions,Â access controls, and event logging.
The agency noted it will answer requests for records access in accordance withÂ Privacy Act regulations and will retrieve information by “SBIC or Portfolio Company Name, affiliation with a particular SBIC personal identifier, SBA identifier, employee identification numberÂ or any other data field that would enable SBA to perform its official duties.”