AxiomSL is enabling banks, asset managers and insurers in Israel to tackle the introduction of new regulations with ease and confidence, by providing solutions for tax, finance and risk operations reporting requirements.
Market participants in Israel are using AxiomSL’s templates and submission functionality to report to the Bank of Israel. AxiomSL continually monitors changes to the reporting requirements and makes the necessary updates to its templates and platform, so clients do not need to undertake burdensome development work themselves.
Financial services and insurance clients in Israel are also using AxiomSL’s solutions to comply with other domestic regulations and requirements in countries around the world. These include Basel III, Liquidity Coverage Ratio (LCR) reporting, Solvency II and many others.
AxiomSL provides support for all electronic submission formats. Its industry-leading XBRL reporting functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly valuable as reporting requirements continue to change.
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.