At RegCloud’s core is AxiomSL’s ControllerView regulatory data-management platform that has been enhanced for the cloud and architected to take advantage of AWS’ sophisticated security, scalability, and automation features. As depicted in the diagram, one of the key elements of the framework is that – in contrast to typical multi-tenanted models – AxiomSL deploys the RegCloud based on a secure virtual private cloud (VPC) for each FI, eliminating the inherent risk of multi-tenancy.
AWS’ broad and powerful capabilities allow RegCloud to innovate using the latest technologies to optimize system performance and deliver an ideal end-user experience. Its state-of-the-art DevSecOps processes eliminate human interaction with customer data by enabling tight integration between security, development, and operations throughout the build-support-change lifecycle. Sophisticated tools and techniques leverage infrastructure as code (IaC) to deliver automation from the initial provisioning of the environment through its ongoing upgrades.
AxiomSL’s success as an AWS partner is evidenced by:
As part of its comprehensive approach to ensuring the security of FIs’ sensitive, material non-public information (MNPI) on the cloud, in 2019 AxiomSL’s RegCloud achieved ISO 27001 and 27017 certifications and the SOC 2 Type II attestation. These important security designations were achievable through RegCloud’s leveraging of AWS’ strong security foundations.
A part of its Awards for Excellence 2019, Regulation Asia recently recognized the value of RegCloud, conferring on AxiomSL its “Regtech Award for Cloud Innovation”. Clients in the region are deploying AxiomSL’s platform and solutions on its well-architected cloud offering, to meet regulatory requirements including Global Shareholding Disclosures, MAS 610, HKMA, APRA-EFS.
Complying with GSD rules is a data-intensive, jurisdictionally nuanced, and complex challenge. Using a RegCloud deployment to meet GSD requirements globally is a perfect example of how clients benefit from going to the cloud with AWS/AxiomSL. With GSD on RegCloud clients no longer must:
Liberated of the onerous task of global rules monitoring, interpretation, and system updates, the FI can comply with these onerous and constantly changing regulatory requirements with assurance and efficiency.
From capital markets and insurance, to global investment banks, payments, and emerging fintech startups, AWS helps customers innovate, modernize, and transform. AWS provides a platform that AxiomSL’s RegCloud expertly leverages on behalf of its clients to: