AxiomSL: Are you ready for FDIC Part 370?
Introduced in April 2017, FDIC Part 370 is designed to facilitate prompt payment of insured deposits in the event that a large depository institution fails. The new rule helps to ensure stability of the financial system and economy. However, it also has significant IT implications for insured depository institutions (IDIs) with 2 million or more deposit accounts as well as their customers. Are you ready to comply?
From April 2020, IDIs are required to configure their depositary information
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