12 Dec AxiomSL receives “Best Reporting Initiative” Award at 2014 American Financial Technology Awards (AFTAs)
AxiomSL receives “Best Reporting Initiative” Award at 2014 American Financial Technology Awards (AFTAs)
New York – December 12, 2014 – AxiomSL, the global leader in regulatory reporting and risk management solutions, announced today that it received the “Best Reporting Initiative” Award at the 10th annual American Financial Technology Awards (AFTAs), hosted by Waters Technology. This award recognized AxiomSL for the implementation of its Strategic Regulatory Platform™ at Morgan Stanley in the USA. The AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking industries. The winners were chosen by a panel of independent industry judges and Waters Technology editorial staff.
Alex Tsigutkin, CEO at AxiomSL, said: “We are extremely honored to receive this award for the Best Reporting Initiative for 2014 and want to extend our deep appreciation to Morgan Stanley’s team, who have been strong supporters of AxiomSL’s technology. As a proven leader in setting the standard for delivering an integrated regulatory platform, AxiomSL prides itself on its ability to develop cutting-edge solutions in an ever-changing regulatory environment. Requirements such as CCAR, FDSF, BCBS 239 and LCR are increasing regulatory scrutiny of banks and calling for the integration of large volumes of data, additional analytics and reporting. In such an environment, banks need a trusted partner that enables them to break down traditional silos between risk, finance and operations. Their chosen partner should also enable them to achieve greater transparency, traceability and scalability across regulations and jurisdictions.”
“After a thorough review of each firm’s submission for best reporting initiative, it was clear that AxiomSL’s platform provided Morgan Stanley with a strong solution to manage the complex and rigorous regulatory reporting demands that investment banks faced in 2014,” said Anthony Malakian, US editor, Waters Technology.
AxiomSL’s solutions provide complete control over every step of the regulatory reporting and risk management process. They include data sourcing (mapping, analysis, consolidation and reconciliation), workflow management (streamlined processes), reporting templates (with edit checks and results validation) and electronic submission (including XBRL). All of this is provided on one strategic platform.
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About AxiomSL, Inc.:
AxiomSL is the global leader in regulatory reporting and risk management solutions for the financial services industry. For two decades, AxiomSL empowers financial institutions to meet regulatory reporting and risk requirements across multiple regulators and jurisdictions. Via the strategic data-driven platform, firms can meet demands from various regulations across banks, broker dealers and asset managers, including Basel III, Liquidity, Dodd-Frank, EMIR, FINREP/COREP, CCAR, FDSF, BCBS 239 and Solvency II, AIFMD, FATCA, market and credit risk management requirements.
Leading financial firms use AxiomSL’s data management, regulatory reporting and risk management solutions to administer all internal data procedures, simplify, standardize and automate processes, and improve data integrity to successfully enhance decision making. The AxiomSL platform integrates clients’ source data from disparate systems and locations, without forcing data conversion, in a cost-effective manner, providing flexibility, transparency, traceability and the ability to drill down into data sources. It also delivers analytical applications in the areas of data integration and warehousing, financial risk management, regulatory reporting, compliance and financial control. This solution enables financial institutions to adapt quickly to evolving regulations and have full control over every step of the process.
AxiomSL’s suite delivers a fully integrated solution from data sourcing to final reports including XBRL submission.