AxiomSL’s AIFMD solution identifies, captures and integrates data from an AIFM’s internal systems and from third parties. It validates the aggregated data before using it to perform the calculations and transformations required by the regulator and then populating the reporting templates.
A dynamic dashboard gives users a complete overview of the process of scoping their reporting requirements, loading their data, running the required calculations, completing the reports, generating XML files and submitting them to the regulator. Multi-level sign-off controls enable managers to review reports before they are submitted to the regulator. If a user has a query about an individual value, the unparalleled level of transparency offered by AxiomSL means they can drill down to the source data.
The AIFMD solution is a fully controlled environment that allows administrators to assign different roles and levels of access to individual users. This helps AIFMs and reporting officers manage the data governance and internal segregation challenges presented by the directive.
AxiomSL’s solution can be delivered on site or as a managed service, and enables fund managers to easily adapt to evolving and new regulations. As the majority of the features of the solution are standardized, it can be implemented quickly. AxiomSL continually monitors changes to reporting templates and the submission formats used in different countries to ensure clients always remain compliant.
As well as AIFMD, AxiomSL’s platform can be used for all other major regulatory requirements globally. This ‘one platform’ approach helps market participants control costs and ensure consistency across the reports they send to different regulators.
The new regulatory landscape for alternative investment fund managers
AxiomSL’s Alternative Investment Fund Managers Directive (AIFMD) solution provides all of the data loading, transformation, aggregation and reporting functionality needed to comply with the requirements of the European Securities and Markets Authority (ESMA) and local regulators. The solution can be delivered on site or as a managed service, and gives users the ability to drill down from reports to source data.
AxiomSL’s ‘one strategic platform’ model means the same architecture can also be used for all other regulatory requirements, greatly reducing the cost and complexity of compliance.
The requirements and challenges
AIFMD significantly increases scrutiny of alternative investment fund managers (AIFMs) operating in Europe by requiring them to report on a variety of topics, including leverage, risk and liquidity, and to change the operational procedures that feed into these reports.
AIFMD reporting requirements are particularly onerous because they involve AIFMs aggregating data from a number of internal and external sources, such as central administrators, portfolio managers and management companies, which are all separate legal entities. AIFMD reporting solutions must use this data to run calculations prescribed by the regulator. They should give users the ability to review the outputs of the calculations and transformations of ESMA’s classifications before reporting the more 300 mandatory data points.
AIFMD also raises governance challenges. The directive’s reporting requirements demand an operational model that defines different tasks and assigns them to individual process and data owners.
Ready to report for AIFMD?
The work fund managers have done to comply with the Alternative Investment Fund Managers Directive (AIFMD) will be put to the test on 31 October, when they have to submit their first reports...
Major global consultancy firm uses...
AxiomSL’s AIFMD solution provides all of the data loading, transformation, aggregation and reporting functionality needed to comply with the requirements of the European Securities and Markets...
ESMA publishes AIFMD and UCITS...
The European Securities and Markets Authority (ESMA) has published its final guidelines on sound remuneration policies under the Undertakings for the Collective Investment in Transferable Securities...
AIFMD: Big challenges and big...
I was asked recently which regulation I think is having the biggest impact on custodian banks in Europe. Many people would point to the European Market Infrastructure Regulation (EMIR)...
Trafigura PTE Ltd and AxiomSL
Trafigura PTE Ltd chooses AxiomSL as its global trade and transaction reporting provider
“We are extremely pleased to begin this relationship as the firm’s regulatory provider. As we continue to expand in to the energy and commodities sector, we look forward to developing a great connection with Trafigura. We are certain that AxiomSL’s data and process platform will give Trafigura the best means of ensuring that they meet all their global requirements in a timely and efficient manner”.Ed Royan, Chief Executive, EMEA, AxiomSL
Waters Magazine & AxiomSL
AxiomSL Takes Best Implementation Prize in 2017 Sell-Side Technology Awards for Second Year
“We are again honoured to receive this prestigious award for our work with this respected global custodian bank,” said AxiomSL CEO Alex Tsigutkin. “For several years, many of our largest banking clients have undertaken similar work to meet the extensive data management and reporting challenges posed by regulators around the world, but rarely on such a compressed timeline or covering this number of modules simultaneously. We are especially proud of the collaborative working relationship and rapid deployment of our solution that successfully delivered this implementation. AxiomSL’s unique expertise in this area, combined with our robust and integrated platform, empower the bank to achieve greater control, automation, data accuracy, and full transparency, while producing timely reports with the analytics required by regulators and internal management demands. AxiomSL’s platform for change management will continue to be the sell-side’s preferred choice when tackling enterprise-wide projects of this magnitude.”Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL
Jeffries and AxiomSL
Jefferies extends use of AxiomSL’s reporting platform for MiFID II transaction reporting
“We are proud that Jefferies has chosen our MiFID II transaction reporting solution,” said Ed Royan, Chief Executive, EMEA, AxiomSL. “Clients require a platform for handling multiple reporting requirements and the platform needs to be able to respond quickly to constant change. Jefferies have recognised that AxiomSL is the effective solution for many of its varied submission requirements.”Ed Royan, Chief Executive, EMEA, AxiomSL
Banco Sabadell and AxiomSL
“We are very pleased to have been selected by Banco Sabadell. We have many years of experience in EBA reporting and are confident that we will continue to deliver excellent results on this project,” said Ed Royan, Chief Executive, EMEA, AxiomSL. “Ongoing changes to reporting requirements continue to create challenges for financial firms. The way in which we are able to separate our regulatory update releases from our software releases enables us to deliver new report templates quickly, making sure our clients remain compliant. We look forward to developing our relationship with Banco Sabadell over the coming years.”Ed Royan, Chief Executive, EMEA, AxiomSL
Credit Agricole CIB and AxiomSL
“Large foreign banking institutions are looking for enterprise-wide technology platforms that can be implemented quickly and grow with evolving regulatory requirements, such as reporting form 2052a," says Alex Tsigutkin, CEO at AxiomSL. "We are pleased to work with such a reputable firm as Credit Agricole CIB in delivering risk and regulatory reporting with workflow automation and audit functionality.”Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL
Fifth Third Bank and AxiomSL
Fifth Third Bank Chooses AxiomSL for its Strategic Regulatory Reporting
“Our decision to build a relationship with AxiomSL is due, in large part, to our interest in keeping pace with the complexity of today’s regulatory environment and in maintaining cost-effectiveness across all operations,” said Blane Scarberry, Vice President, Director of External Reporting at Fifth Third Bank. “AxiomSL’s integrated platform is expected to enable us to meet financial and regulatory requirements, while also streamlining our reporting processes across critical business functions. This should provide us with the flexibility to meet evolving regulatory demands.”Blane Scarberry, Vice President, Director of External Reporting at Fifth Third Bank
Raymond James and AxiomSL
Raymond James chooses AxiomSL’s Platform and Solutions to meet multiple regulatory Broker Dealer and Bank Holding Company reporting requirements
“As part of our larger goal of data management transformation, Raymond James was looking for a strategic technology partner that could help with a significant portion of our critical reporting,” says David Lesser, senior vice president of technology at Raymond James. “AxiomSL’s expertise working with complex, diversified institutions and ability to implement these solutions over a number of years was exactly what we were looking for.”David Lesser, Senior Vice President of Technology at Raymond James
Chartis Research and AxiomSL
AxiomSL data and process control platform recognized as “Category Leader” in the 2016 Chartis FinTech Quadrant® for Data integrity and Control Solutions
“As institutions focus on enterprise data integrity and control to meet new standards like BCBS 239, it is critical to consider flexibility, adaptability, and scalability of their platforms very closely,” says Peyman Mestchian, Managing Partner at Chartis Research. “AxiomSL provides the functionality to scale and aggregate vast amount of data across silo systems for improved transparency and greater clarity about the organization’s financial status and risk exposures.”Peyman Mestchian, Managing Partner at Chartis Research
COMMERZBANK and AxiomSL
“We are delighted Commerzbank has selected AxiomSL’s technology,” said Alex Tsigutkin, AxiomSL CEO. “Institutions can optimize their existing IT infrastructure by implementing a flexible data-management architecture, with an analytical and reporting layer and aggregation capabilities, which will address multiple regulations on one integrated platform. In other words, firms should use an integrated platform to perform position and transaction reporting, for capital computation and liquidity measurements, as well TIC reports and other reporting with drill-down capabilities back to the original source data.”Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL
ICBC and AxiomSL
“It is clear this is the time to adopt a strategic solution for CRS and FATCA. We have been very pleased with the results of using AxiomSL’s platform for the Basel, PRA, BOE and EMIR requirements, so the decision to also use it for CRS and FATCA came naturally. The scalability and flexibility of AxiomSL’s platform means we can contain the cost of regulatory compliance by using a single infrastructure to manage multiple requirements,” said Shuyi Yuan, Deputy CEO at ICBC (London) plc.”Shuyi Yuan, Deputy CEO at ICBC (London) plc
Oracle (OFSAA) & AxiomSL
“We maintain strategic development alliances with audit, financial and technology industry leaders, financial data providers, hardware, and analytical software providers to guarantee that our clients receive both the best breed and a flawless implementation of their IT and business requirements,” Alex Tsigutkin says. “We believe coupling a change management platform with client-focused strategies is the key to success.”Published in The Silicon Review
BMCE International & AxiomSL
BMCE Bank International goes live on AxiomSL’s regulatory platform
“We are pleased to be working with the recognized leader in the regulatory calculation and reporting space,” said Mohammed Afrine, Chief Executive Officer at BMCE International. “AxiomSL’s platform provides all of the functionality we require, from data aggregation and normalization to report creation and submission. The quick time to market offered by AxiomSL makes the platform very attractive.”Mohammed Afrine, Chief Executive Officer, BMCE International
“We have built up an unrivalled knowledge of regulatory calculation and reporting requirements over the years while supporting financial firms of all types and sizes. We are pleased to now also be working with BMCE Bank International and ensuring they have the optimal solution for all of their regulatory requirements,” said Ed Royan, Chief Operating Officer EMEA, AxiomSL. “It is clear that many firms are looking for new solutions to manage BOE and CRD IV regulations. We are looking forward to working with more clients on these topics in the coming months.”Ed Royan, Chief Operating Officer EMEA, AxiomSL
SAP & AxiomSL
SAP and AxiomSL partner to provide next generation financial risk and regulatory data management infrastructure
“We are pleased to be partnering with AxiomSL on this offering. As additional reporting requirements around the world come into force, it is essential that the overall operational cost burden to financial institutions is minimized. With this joint solution, users can continue to satisfy regulatory mandates such as BCBS 239, leveraging a single platform and proven regulatory reporting technology.”Patrice Vatin, Director, Digital Transformation & Industry Value Engineering, SAP Financial Services France
U.S. Bank & AxiomSL
“We are delighted to have been selected by U.S. Bank as their regulatory reporting solution provider,” said Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL. “Today’s systems must meet an ever-increasing set of granular, complex and evolving regulatory requirements while integrating large volumes of heterogeneous data across the enterprise. These requirements highlight the increased need for unified source data and data process automation, full transparency and data lineage, ensuring executives have the ability to make rapid and frequent changes to comply with these regulatory requirements and enhance information oversight.”Alex Tsigutkin, Chief Executive Officer (CEO), AxiomSL
Union Bank of India & AxiomSL
“AxiomSL’s XBRL solution meets our needs exactly,” said Brajeshwar Sharma, CEO at Union Bank of India (UK). “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”Brajeshwar Sharma, CEO, Union Bank of India (UK)
Anadolubank & AxiomSL
“AxiomSL’s XBRL solution meets our needs exactly,” said Nuriye Plotkin, Managing Director, Anadolubank Nederland N.V. “The control and data validation functionality offered by AxiomSL gives us complete confidence in the accuracy of the data we will submit to the regulator. As the EBA continues to release new versions of its XBRL taxonomy, AxiomSL’s quick time to market was also compelling. We are looking forward to working with the leading XBRL specialists on our regulatory reporting.”Nuriye Plotkin, Managing Director, Anadolubank
ICBC & AxiomSL
“It is clear this is the time to adopt a strategic solution for CRS and FATCA. We have been very pleased with the results of using AxiomSL’s platform for the Basel, PRA, BOE and EMIR requirements, so the decision to also use it for CRS and FATCA came naturally. The scalability and flexibility of AxiomSL’s platform means we can contain the cost of regulatory compliance by using a single infrastructure to manage multiple requirements,” said Shuyi Yuan, Deputy CEO at ICBC (London) plc.Shuyi Yuan, Deputy CEO, ICBC (London) plc.
Credit Suisse & AxiomSL
Risk Technology Implementation Awards 2016
Credit Suisse & AxiomSL win Compliance Risk Technology Implementation of the Year Award 2016.
AxiomSL’s Asia-Pacific liquidity programme implemented across three countries in nine months enhanced time to market and operational efficiencies for the bank. AxiomSL’s single strategic platform allowed Credit Suisse scalability to meet multiple cross-jurisdictional regulatory reporting requirements with greater speed and accuracy whilst leveraging existing data architecture. AxiomSL’s technologies also delivered Liquidity Coverage Ratio forecasting capabilities providing treasury with improved internal liquidity monitoring and reporting efficiencies.AxiomSL Transparency through Technology
PNC & AxiomSL
“We are proud to have been chosen by PNC, a leading and well-respected bank,” said Alex Tsigutkin, CEO at AxiomSL. “AxiomSL’s advanced offering will enable PNC to automate complex analytical and regulatory process, as well as full data and process governance. AxiomSL’s capability to drill down into the data makes it a powerful tool, which, paired with the flexibility of its risk calculation engine, enables financial firms to meet mandates across multiple regulators and jurisdictions. The inherent flexibility of the platform allows financial firms to keep pace with the regulatory changes while containing costs.”Alex Tsigutkin, AxiomSL’s CEO
Standard Chartered & AxiomSL
“The implementation of AxiomSL’s BOE reporting solution has been a resounding success, which is worthy of award recognition,” said Paul Chambers, Chief Financial Officer, Europe and UK, at Standard Chartered. “We have been very pleased with AxiomSL’s FINREP solution, so we were confident going into this project. However, the results have exceeded our expectations: not only did we go live ahead of schedule, we have also significantly reduced the time it takes to produce our BOE returns.”Paul Chambers, Chief Financial Officer, Europe and UK, Standard Chartered
Bank of China & AxiomSL
“We chose AxiomSL because of its integrated Basel III liquidity calculation and regulatory reporting platform. We value their platform’s flexibility and ability to address our needs to set up a solid foundation that can integrate with BOC’s source data given the limited time frame. Allan Chin, AxiomSL’s Country Manager, together with his team have demonstrated how AxiomSL has infused their knowledge of MAS regulation into their proven MAS 649 reporting solution, and the ability to assist us to meet the MAS 649 reporting mandate. The implementation of AxiomSL’s solution exhibits Bank of China Singapore Branch’s determination to commit resources to strive towards further enhancement of our liquidity risk management processes to cope with our increased business presence in Singapore.Ng Woon Kong, Deputy Head of Financial Management Department, Bank of China Singapore Branch
Société Générale & AxiomSL
“AxiomSL is proud to be chosen as Société Générale’s strategic partner. As a world leading financial firm, being able to quickly meet new and evolving FBO’s requirements while aggregating data across several systems and business functions in a timely manner to meet multiple analytical and regulatory requirements is crucial for success” said Alex Tsigutkin, CEO AxiomSL. “The inherent flexibility and robustness of the AxiomSL platform will allow Société Générale to keep pace with the complexity of regulatory changes while containing costs and delivering the transparency and risk granularity demanded by regulators. We hope that the United States is just the beginning of a flourishing partnership as AxiomSL’s high-performance platform can deliver a suite of solutions across the bank’s operations globally - all on one integrated platform.”Alex Tsigutkin, AxiomSL’s CEO
Chartis & AxiomSL
“High performance in sell-side risk management is only possible when data is available, reliable and comprehensive, and AxiomSL’s advanced offerings enable users to achieve this level of success. Through its efficient integration of multiple data sources, AxiomSL’s solutions address a number of the key industry-wide challenges facing today’s financial institutions, including the need for automation of complex reporting business logic, data quality, governance and accountability within stringent timeframes.”Peyman Mestchian, Managing Partner
Julius Baer & AxiomSL
“Group-level reporting involves significant data volumes and requires a solution with robust processing capabilities. We were impressed by AxiomSL’s high-performance platform, including the flexibility and transparency it offers users. The fact that all of AxiomSL’s solutions are fully supported and the fact that AxiomSL updates its reporting templates when regulations change will also greatly lower the cost and complexity of compliance.”Urs Monstein, Chief Information Officer
Morgan Stanley & AxiomSL
Best Reporting Initiative Award - American Financial Technology Awards
"After a thorough review of each firm’s submission for best reporting initiative, it was clear that AxiomSL’s platform provided Morgan Stanley with a strong solution to manage the complex and rigorous regulatory reporting demands that investment banks faced in 2014."Anthony Malakian, US Editor, Waters
Deutsche Bank & AxiomSL
"We are proud to continue serving Deutsche Bank and expand our relationship in the United States. Our strategic, data-driven solution, combined with the automation of reporting business logic, leverages our clients’ existing data structure to meet the industry challenges for new business process models, transparency in reporting and the flexibility to adapt swiftly to regulatory mandates.”Alex Tsigutkin, AxiomSL’s CEO
ICBC & AxiomSL
“ICBC London’s partnership with AxiomSL underscores our commitment to delivering a simplified and standardized platform for all regulatory disclosures. We’ve selected AxiomSL’s platform for its integrated data management approach, providing greater reporting transparency and flexibility for our clients while streamlining operating costs.”Lingyan Kong, Deputy General Manager
Chartis, RiskTech100® Award & AxiomSL
“We are delighted to be selected as a top risk technology provider for the RiskTech100® and receive the highest rank in customer satisfaction. As the regulatory landscape continues to evolve, our dynamic, data-driven platform provides customers with the transparency and flexibility they require to manage risk and regulatory compliance across multiple jurisdictions.”Alex Tsigutkin, AxiomSL’s CEO
“AxiomSL received some of the best feedback scores in our end-user surveys and interviews. Many of AxiomSL’s customers commented positively regarding the ease and speed of implementation with a particular focus on data integration and out-of-the-box functionality.”Peyman Mestchian, Managing Partner at Chartis
Morgan Stanley & AxiomSL
“We were impressed by the flexibility and power of the solution and the quality of professional services during the UK implementation. This along with increasing regulatory demands encouraged us in taking a strategic decision to proceed with AxiomSL, not only for all of our UK operations but moreover on a global scale with priority focus on Asia.”Aditya Gupta, Morgan Stanley’s Technology Executive Director
Waters Technology & AxiomSL
“We are very pleased to have won this distinguished award because it was decided by business practitioners and technology professionals who are the focus of all of our work. Since being founded in 1991, AxiomSL has grown organically, concentrating on satisfying the evolving and most challenging demands from the industry across the globe. We pride ourselves on working in partnership with our clients. We believe our clients know best and our goal is to continue to deliver the best common data and computation platform which empowers financial firms to meet evolving regulatory mandates alongside global standards related to risk management and finance functions, data aggregation capabilities, data governance and internal control.Alex Tsigutkin, CEO of AxiomSL
JP Morgan & AxiomSL
“We are proud to add JPMorgan Chase to the growing list of global financial groups making a strategic investment in the AxiomSL solution. It will enable them to integrate changing requirements over time in a controlled and flexible manner. The AxiomSL solution continues to add demonstrable value in being a strategic asset for the most complex and high volume environments.”Patrice Melloul, AxiomSL Europe’s Managing Director
ABN Amro & AxiomSL
"After a thorough system evaluation, including a quite persuasive proof-of-concept, we’ve opted for the Axiom solution as a strategic platform to automate our reporting process. ControllerView® provides us with the flexibility required to support changes of source systems and transparency to give a clear view of the calculations, processes and results to both users and regulators."Martin Minkenberg, ABN Amro’s Manager
RBC & AxiomSL
“We’re delighted to add RBC Capital Markets as a valued client. Their decision signals a market trend to extend risk management from enterprise control functions to more actionable and transparent risk management measures that satisfy all business units’ requirements.”Alex Tsigutkin, AxiomSL’s CEO
Bancolombia & AxiomSL
“So far so good,” said Jaime Alberto Villegas Gutierrez, Bancolombia's vice president of service delivery and customer experience. He said international banks must often rely on special digital platforms to assist with difficult implementation issue across jurisdictions and Bancolombia's solution has been provided by AxiomSL.”
“The biggest challenge has been preparing ourselves and our data to begin reporting,” Gutierrez said. “We have to do the same process for different regulators.” While that process is “cumbersome but doable,” he said, “as a bank, we're worried that FATCA will begin to happen in other countries.”Jaime Alberto Villegas Gutierrez, Vice President of Service Delivery and Customer Experience