The Federal Reserve Bank is the central bank of the United States of America. It is governed by a presidentially appointed board of governors or the Federal Board. It consists of twelve regional Federal Reserve Banks branches located in major cities across the nation that help the central bank oversee and provide regulation to all privately owned commercial banks.
The client wanted a solution that made regulatory reporting faster, cheaper, and more secure. It also wanted a comprehensive digital solution that would help it digitize its legacy infrastructure and assist its partner branches in creating innovative customer-facing products and services.