Banks, asset managers and insurance firms in Bahrain are using AxiomSL’s solutions to minimize the complexity of complying with a wide range of regulations, including tax, financial and risk operations reporting requirements.

AxiomSL supports the requirements of Islamic finance and facilitates regulatory disclosures to the Central Bank of Bahrain (CBB). It relieves its clients of onerous development work by monitoring changes to reporting requirements and implementing the necessary updates to its templates and system. Asset managers and insurance firms in Bahrain use AxiomSL’s industry-leading solutions to meet the requirements of domestic and global regulations.

AxiomSL can be used to report in all electronic submission formats. Its sophisticated XBRL functionality includes the ability to maintain multiple taxonomy versions. This is particularly valuable to clients at a time when reporting requirements continue to evolve.

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.