17 Nov Deutsche Bank Deploys AxiomSL’s Regulatory Reporting and Capital Calculations Platform
Deutsche Bank Deploys AxiomSL’s Regulatory Reporting and Capital Calculations Platform
Leading Bank Expands Use of Integrated Platform Across Two Regions
New York – November 17, 2014 – Axiom Software Laboratories Inc. (AxiomSL), global provider of regulatory reporting and risk management solutions, announced today that Deutsche Bank has expanded its relationship and deployed the firm’s robust and flexible regulatory reporting platform and capital calculations solution in the United States following the implementation of the firm’s technology in the Asia Pacific region.
AxiomSL’s enterprise-wide integrated solution consolidates data across a full range of regulatory reports, enabling banks to streamline reporting processes and address the challenges for greater transparency. Additionally, AxiomSL’s reporting templates deliver the controls and functionality required by financial institutions to effectively conduct edit checks and results validation to remain compliant with the evolving regulations, including the requirements of CCAR (Comprehensive Capital and Analysis Review) in the United States.
With increased level of oversight dictated by growing regulatory mandates, AxiomSL’s fully integrated platform provides full control over regulatory reporting process and capital adequacy calculations at lowest levels of granularity and from multiple sources to comply with regulatory requirements and financial control reporting.
“We are proud to continue serving Deutsche Bank and expand our relationship in the United States,” said Alex Tsigutkin, AxiomSL’s CEO. “Our strategic, data-driven solution, combined with the automation of reporting business logic, leverages our clients’ existing data structure to meet the industry challenges for new business process models, transparency in reporting and the flexibility to adapt swiftly to regulatory mandates.”
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About Axiom Software Laboratories, Inc.:
Axiom Software Laboratories, Inc., (AxiomSL) is the global leader in regulatory reporting and risk management solutions for the financial services industry. Established more than 20 years ago, 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, including Basel III, Dodd-Frank, AIFMD, FATCA, EMIR, FINREP/COREP and Solvency II, as well as liquidity, 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 any 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 have full control over every step of the process and can adapt quickly to evolving regulations.
AxiomSL’s suite delivers a fully integrated solution from data sourcing to final reports including XBRL submission.