16 May ABN AMRO to Deploy AxiomSL's ControllerView® for Regulatory Reporting and Data Management
Date: May 16, 2005
Location: New York
AxiomSL announced the signing of a Software License Agreement with ABN AMRO for its regulatory reporting and data management products, ControllerView® and Integration Center™.
ABN AMRO selected AxiomSL’s solution to replace its existing system for the Dutch National Bank group level reporting for its headquarters in Amsterdam. ControllerView® will be used to generate all regulatory reports to while Integration Center™ will give the Bank the ability to administer ControllerView® by incorporating data from multiple source systems across the enterprise to centralize the DNB reporting process. Other major decision factors included improvement of performance, transparency of calculations and multi-users support.
“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, says Martin Minkenberg, ABN Amro’s Manager. 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.”
“In view of the upcoming regulatory challenges, we are delighted to have included ABN Amro to the list of our global customers, says Olivier Kamoun, Axiom’s European Vice President. Similarly to other major institutions that have chosen Axiom, we are committed to a swift implementation in Amsterdam to promptly provide the Bank with required functionality and performance.
About ABN AMRO
ABN AMRO is a prominent international bank, its history going back to 1824. ABN AMRO ranks 11th in Europe and 20th in the world based on tier 1 capital, with over 3,000 branches in more than 60 countries, a staff of more than 97,000 full-time equivalents and total assets of EUR 742.9 billion (as at 31 March 2005).
ABN AMRO is an international bank with European roots and a clear focus on consumer and commercial banking, strongly supported by an international wholesale business. Our business mix gives us a competitive edge in our chosen markets and client segments.