Case Study: Large Regional Bank saves more than $65,000 annually on FDIC audits with Device42

Large Regional Bank Saves More Than $65,000 Annually on FDIC Audits

A large regional bank with $1.9 billion in assets, six branches, over 160 mortgage centers and ~1,600 employees faced an FDIC audit after a 2019 merger that required detailed documentation of network assets, their locations, connections and the whereabouts of sensitive data (PII/credit card information). The bank needed an accurate, real-time CMDB and fast, auditable reporting to close FDIC findings without an expensive rip-and-replace of its toolset.

The bank deployed Device42’s standalone, agnostic CMDB to automatically discover and tag assets, generate PII and critical-asset reports, and provide clear impact and escalation information. Using Device42 they closed the FDIC finding in roughly 90 days, improved mean time to remediation, avoided hiring multiple staff (saving more than $65,000 annually and potentially much more), and gained rapid vendor support for needed feature enhancements.