13 May Credit Suisse rolls out compliance risk technology
May 13, 2016 –
Credit Suisse has turned to technology solutions provider AxiomSL to implement a liquidity reporting solution, as compliance and regulatory costs across the region eat into banks’ bottom lines.
AxiomSL’s liquidity risk monitoring and forecasting solution will provide the Swiss major – including its private banking division – with a scalable and transparent platform, giving it a single view for retrospective and prospective management of liquidity risk. AxiomSL is Credit Suisse’s strategic regulatory reporting partner.
The platform also enables seamless data integration across multiple business functions and jurisdictions, and provides analytical tools for meeting regional and global regulatory standards. Credit Suisse’s Asia business was chosen to pilot the core infrastructure, which took eight months to build, according to the vendor’s head of implementation services, Asia Pacific, Kevin Koh.
The bank has gone live with the solution across Korea, Australia, Singapore and Japan in two month intervals.
To read the full article on Asian Private Banker’s website, click here.