Banks, asset managers and insurers in Saudi Arabia are using AxiomSL’s solutions to comply with a wide range of regulations, including tax, financial and risk operations reporting requirements.
AxiomSL supports the requirements of Islamic finance and facilitates reporting to the Saudi Arabian Monetary Agency (SAMA). AxiomSL relieves clients of the burdensome tasks of continually monitoring changes to reporting templates and producing the necessary updates.
Financial services and insurance clients in Saudi Arabia are using AxiomSL to comply with domestic regulations and requirements in countries around the world. These include the Alternative Investment Fund Managers Directive (AIFMD), Solvency II and many others.
AxiomSL provides support for all electronic submission formats. Its highly sophisticated XBRL functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly valuable to clients as regulatory 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.