18 Jun AxiomSL expands footprint in Germany to support banks’ Brexit plans
LONDON, 18/06/2018: AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that the company is rapidly expanding its market presence in Germany, as many financial institutions impacted by Brexit choose both Germany for their post-Brexit base within the EU and AxiomSL to provide their regulatory calculations and reporting. AxiomSL opened its Frankfurt office in 2016 and is able to fully support those banks who decide to relocate in order to ensure that they make a smooth transition to their new regulatory jurisdiction, addressing the increasing market demand for a reliable, agile, end-to-end regulatory reporting and risk management platform. The UK’s planned exit from the EU has created the unique conditions to allow the company to further expand its existing footprint in Germany, whilst leveraging its long-standing local, regional and global expertise. The firm already holds a strong presence globally, including the rest of Europe and continually growing its position in the UK, Ireland, France, Luxembourg, Netherlands and Italy. Financial institutions (FIs) in Germany have chosen AxiomSL to tackle the European Central Bank’s (ECB) complex requirements surrounding regulatory reporting and risk management, including; capital, liquidity, AnaCredit and Pillar 3 reporting as well as the local regulatory demands from the Bundesbank. AxiomSL’s strategic platform and state of the art solutions are increasingly in demand in Germany, as more and more companies are realising the benefits of automation, scalability and strong data governance capabilities to meet regulatory requirements, whilst also receiving the benefits of improved operational efficiency and reduced compliance costs. The platform can replicate the CRD IV calculations and reporting for firms who have plans to settle in Germany post-Brexit and who wish to seamlessly adapt to the German reporting regime. Furthermore, AxiomSL’s regulatory analysis team assists firms as they acclimatise to Germany’s regulatory regime by continually monitoring for changes in local regulations, updating the respective solutions and communicating these changes to clients, thus allowing firms to remain compliant in both the near and long term.
Ed Royan, CEO, AxiomSL EMEA commented: “We are excited to rapidly expand our footprint in Germany, supporting firms’ Brexit plans with an agile, transparent and holistic platform to efficiently address the complex local regulatory obligations. With regulatory demand at an all-time high, AxiomSL is well positioned to focus on local customer needs and to further develop our client base in the region. Building our German presence by providing an integrated platform mixed with our extraordinary success across the rest of EMEA allows us to leverage our strategic offering within key regional markets. Our proven track record of efficiently addressing regulatory reporting requirements means we are confident in our ability to provide the highest standard of service to our clients, enabling significant cost savings and increased operational efficiency.”
About AxiomSLAxiomSL is the global leader in regulatory reporting and risk management solutions for the financial industry, 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. 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, AnaCredit, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS 9, MAS, ASIC, REMIT, MiFID II, SFTR, 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 employs over 700 staff globally that are dedicated to servicing clients across many of the world’s major financial centres, including New York, São Paulo, London, Paris, Brussels, Luxembourg, Frankfurt, Amsterdam, Madrid, Singapore, Beijing, Hong Kong and Tokyo. 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.
Greentarget Harriet Leatherbarrow firstname.lastname@example.org +44 (0) 20 7324 5483
AxiomSL Canan Genc email@example.com +44 (0) 20 3823 4581
Email: firstname.lastname@example.org London head office: 125 London Wall, London EC2Y 5AJ Tel.: +44 (0)20 3823 4600 Website: www.axiomsl.com