Case Study: Foreign Banking Organization achieves timely FR 2052a compliance with AxiomSL

Foreign Banking Organization - Customer Case Study

A Foreign Banking Organization was struggling to meet a looming FR 2052a testing deadline after relying on a third-party black-box system that offered no visibility into its data. The institution needed a way to report liquidity positions across its U.S. footprint, and turned to AxiomSL for help, using its FR 2052a reporting module on the ControllerView® data integrity and control platform.

AxiomSL assessed the client’s situation, built an ad hoc solution, pivoted the existing file, and successfully produced a valid test XML file that passed the Federal Reserve’s quality test on time. In just six weeks, the Foreign Banking Organization was able to configure its data, use QA and production portals, and fully implement AxiomSL’s transparent FR 2052a solution, gaining better analytics, audit-trail mapping, and a consolidated LCR view while reducing operational costs and meeting deadlines.