01 Sep AxiomSL CEO to speak on the impact of regulations on IT transformation in the finance industry at Sibos
London, 1 September 2016 – AxiomSL CEO Alex Tsigutkin will present ‘Staying ahead of the regulatory curve: Focusing on firms’ sustainability and profitability with all of the IT transformation and regulatory compliance controls in place’ at this year’s Sibos conference in Geneva.
In keeping with this year’s Sibos theme, ‘Transforming the Landscape’, Alex will discuss the challenges financial firms face in doing “more with less”, coping with regulatory compliance environment and the resulting impact on data integration and governance.
He will speak about how financial firms’ infrastructure is being stretched by the need to simultaneously meet demanding external reporting regimes while responding to critical internal transformation.
“Today, multiple stakeholders including regulators are not only asking for granular and accurate reporting, but are requiring financial firms to demonstrate full data and process lineage across enterprise core financial and risk management functions. Further, they want it more often, and they want top management at firms to attest the accuracy of those reports,” Alex Tsigutkin said.
“The driver for launching AxiomSL 25 years ago was to empower financial firms to stay ahead of the regulatory compliance curve. Perhaps the biggest change since then is that so much of what we do now goes beyond straightforward regulatory reporting.”
“Today, we are delighted to be a strategic partner with leading firms around the world in delivering a change management platform that integrates internal and external changes into an enterprise risk management and regulatory compliance structure,” said Alex.
“We welcome new and old friends to meet with us at Sibos – an event I look forward to every year. Geneva is by way of its history the perfect place to exchange ideas and information about the challenges and opportunities facing the financial industry both now and in the future.”
Please join Alex at his session on 28 September at 15:30 -16:00 in Open Theatre 2 (OT2). You can also visit members of the EMEA, Americas and Asia-Pacific AxiomSL teams at Booth C-09. For interview requests with Alex Tsigutkin, please contact Francine Gittins at firstname.lastname@example.org.
Tel: +1 212 248 4188
Tel: +44 20 7324 5485
Tel: +44 20 3823 4600
Tel: +65 6221 7310
Tel: +65 3159 1055
About Sibos 2016 Geneva
Sibos is the premier business forum for the global financial community to debate and collaborate in the areas of payments, securities, cash management and trade, bringing together 8,000 decision makers and topic experts from financial institutions from over 140 countries. It will be held in Geneva, Switzerland from 26 to 29 September 2016. https://www.sibos.com/
AxiomSL is the leading global provider of regulatory reporting and risk management solutions for financial services firms, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
The AxiomSL platform seamlessly integrates clients’ source data from disparate systems and geographical locations without forcing data conversion. It enriches and validates the data, and runs it through risk and regulatory calculations to produce both internal and external reports. The platform supports disclosures in multiple formats, including XBRL. The unparalleled transparency offered by the high-performance platform gives users the ability to drill down on their data to any level of granularity.
AxiomSL’s platform supports compliance with a wide range of global and local regulations, including Basel III capital and liquidity requirements, the Dodd-Frank Act, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS, central bank disclosures, and both market and credit risk management requirements. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.
AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘category leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings. www.axiomsl.com