12 Apr AxiomSL Selected by JPMorgan Chase as Strategic Basel II Capital and Regulatory Reporting Platform
Date: April 12, 2011
Location: New York
AxiomSL, leading global provider of regulatory reporting and risk management solutions, announces today that JPMorgan Chase has selected AxiomSL’s regulatory reporting and data management platform ControllerView®, Basel123™ and Integration CenterTM as the strategic platform for its UK Basel II capital calculation, liquidity risk and regulatory reporting needs. ControllerView® and Basel123 will be used to perform capital calculations under BIPRU and GENPRU and generate the regulatory reporting requirements required by the FSA and the Bank of England, while Integration CenterTM will streamline the process of integrating data from multiple source systems within the Bank. The solution will also provide a set of reporting templates and update services throughout regulatory changes.
To assess its capacity to migrate several existing reporting approaches to a single, flexible and integrated regulatory capital reporting solution, AxiomSL underwent a thorough system evaluation and a series of challenging workshops. After successful demonstration of AxiomSL’s performance, functionality and strong data management infrastructure, supported by references from other large financial institutions, JPMorgan Chase selected AxiomSL to address its capital calculation, UK regulatory reporting and internal management reporting needs.
“We are proud to add JPMorgan Chase to the growing list of global financial groups making a strategic investment in the AxiomSL solution, says Patrice Melloul, AxiomSL Europe’s Managing Director. “It will enable them to integrate changing requirements over time in a controlled and flexible manner. The AxiomSL solution continues to add demonstrable value in being a strategic asset for the most complex and high volume environments”.
AxiomSL is a leader in software solutions for enterprise Risk Management, Data Management, Regulatory Reporting and Compliance. AxiomSL’s proven technological platform solves the highly complex data, risk and financial management challenges faced by the world’s leading financial institutions. AxiomSL’s products help clients deal with the dynamics of business and technology changes, adapting to different data and technical environments, allowing mission critical activities to be performed across the entire enterprise. AxiomSL’s professionals cover a range of disciplines, including risk management, database and middleware technology, financial control and regulatory reporting.