Banks, asset managers and insurance firms in Qatar are using AxiomSL to comply with a wide variety of regulations, including tax, financial and risk operations reporting requirements.
AxiomSL supports the requirements of Islamic finance and provides the templates and submission functionality needed to report to the Qatar Central Bank and Qatar Financial Centre Regulatory Authority (QFC Regulatory Authority). By continually monitoring changes to the reporting requirements and making the necessary updates to its system and templates, AxiomSL relieves its clients of burdensome development work.
AxiomSL’s solutions can be used to report in all electronic submission formats. Its XBRL functionality includes the ability to maintain multiple taxonomy versions. At a time when regulatory requirements continue to evolve, this is proving particularly helpful to clients.
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.