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Banks, asset managers and insurance firms in Russia are using AxiomSL’s solutions to confidently tackle a wide range of regulations, including tax, financial and risk operations reporting requirements.
AxiomSL provides the templates and submission functionality that financial institutions need to report to the Central Bank of the Russian Federation. By monitoring changes to reporting requirements and making the necessary updates to its templates and system, AxiomSL relieves its clients of onerous development work.
Asset managers in Russia are using AxiomSL’s solutions to overcome the challenges of regulations around the world, including shareholding disclosure requirements and many others. Russian insurance firms with business in Europe are benefiting from AxiomSL’s Solvency II solution.
AxiomSL supports all electronic submission formats. The sophistication of its XBRL reporting functionality includes the ability to maintain multiple taxonomy versions. This is enabling financial services and insurance clients to manage evolving regulatory 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.