06 Jun AxiomSL Moves to New Toronto Office Space Following Rapid Growth in Canadian Market
Company Relocates Canadian Operations to the Home of the Toronto Stock Exchange
TORONTO, NEW YORK, June 6, 2019 – AxiomSL, the leading global provider of regulatory-reporting, risk and data-management solutions, announced today that it will relocate its Canadian operations to accommodate the company’s tremendous growth in the 18 months since opening its office in 2018. The new office will be located at 130 King Street West, Toronto, Ontario, occupying the 19th floor of the 36-story Exchange Tower building, home of the Toronto Stock Exchange.
We are elated to be relocating to the heart of the financial district,” said James Babicz, Senior Vice President and Head of AxiomSL Canada. “Since establishing the first office last year, we have seen strong interest from clients in the risk and regulatory reporting solutions specifically tailored to the Canadian market. In just over a year, we’ve grown our client base to include most of the largest financial institutions operating in Canada and expanded our work with several of those clients to meet regional and global regulatory reporting needs.
Increasingly, Canada is recognized as a global leader in financial technology innovation and AxiomSL’s office expansion is proof that the Canadian workforce has the skills enabling our firm to drive growth within the market.” said Alex Tsigutkin, AxiomSL’s Founder and CEO. “We are committed to expanding our Canadian presence while delivering end-to-end capital and risk analytics and regulatory reporting solutions that meet evolving requirements. AxiomSL’s data integrity and control platform, the antithesis of the black-box method, provides a transparent approach to data management and risk calculation. The team is excited to join the thriving financial services community at the Exchange Tower and we truly appreciate the support that our clients have provided us in the last few years.
AxiomSL’s data-driven platform enables clients to generate significant value by streamlining and automating their regulatory and risk reporting allowing FIs to have better insight into data, processes, calculations and reporting. The platform seamlessly ingests risk data from across the enterprise without the need for transformation, to meet the Basel Capital Adequacy Requirements (BCAR) mandated by the Office of the Superintendent of Financial Institutions (OSFI).
AxiomSL’s solutions and strong grasp of the Canadian regulatory landscape have been recognized by the industry. Notably, the company received the American Financial Technology Award for “Best Collaboration Initiative” last year, recognizing its work with a large Canadian bank to address complex and nuanced reporting requirements around the globe.
AxiomSL is a global leader in risk-data management and regulatory-reporting solutions. Leveraging more than 25 years’ experience, AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics. Its client base spans regional and global financial institutions with more than $43 trillion in total assets and investment managers with more than $9 trillion in assets under management. Its coverage encompasses more than 110 regulators across 55 jurisdictions.