Case Study
Large Regional Bank Saves More Than $65,000 Annually on FDIC Audits
A leading U.S. financial institution operating multiple bank branches and over 160 mortgage centers across dozens of states faced a mandatory FDIC audit following a major corporate merger. Preparing for this rigorous regulatory review placed a heavy burden on the bank’s IT operations, threatening costly delays and compliance hurdles. Device42 software provided the ideal solution by serving as a centralized, reliable repository for all infrastructure data and configurations. By replacing cumbersome manual tracking with automated accuracy, Device42 streamlined the audit preparation process, empowering the bank to save more than $65,000 annually while effortlessly securing its required compliance status.
