AxiomSL is enabling banks, asset managers and insurance firms in Austria to stay ahead of a wave of new regulations, including tax, financial and risk operations reporting requirements.
AxiomSL is perfectly placed to help banks adapt to the new Smart Cube reporting regime because the design and operation of its platform closely matches that of the data collection system prescribed by Oesterreichische Nationalbank (OeNB). AxiomSL also supports reporting to Austria’s Financial Market Authority (FMA).
For asset managers, AxiomSL provides all of the data loading, transformation, aggregation and reporting functionality required to comply with the Alternative Investment Fund Managers Directive (AIFMD), shareholding disclosure requirements and many other regulations. Insurance firms and asset managers are benefiting from AxiomSL’s comprehensive Solvency II solution.
AxiomSL supports all electronic submission formats. Its sophisticated XBRL reporting functionality includes the ability to maintain multiple taxonomy versions. This makes it easy for clients to manage evolving reporting requirements.
AxiomSL’s ‘one platform’ model means the same underlying architecture can be used to comply with all of these requirements and many others, allowing clients to reduce the cost and complexity of regulatory compliance.