On 24 hours’ notice, deliver an integrated view of the entire deposit base, including depositors, beneficiaries and trustees across all account types, deposit systems, and customer identifiers in four tables:
Information on customers associated with an account, excluding account ownership, e.g., trust beneficiaries
Information for deposit accounts held directly or via a third party
Accounts missing critical elements required for insurance calculations
One entry for each customer across its entire deposit base
AxiomSL’s FDIC Part 370 solution running on the ControllerView platform empowers covered institutions (CIs) to satisfy the final rule requirements in time for the 2020 initial reporting deadlines.