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AxiomSL provides the solutions that banks, asset managers and insurance firms in South Africa need to stay on top of the changing regulatory landscape, which includes tax, financial and risk operations reporting requirements.
AxiomSL maintains up-to-date templates for reporting to the South African Reserve Bank and provides all of the data aggregation, validation, transformation and submission functionality that market participants need to comply with disclosure requirements.
Financial services and insurance firms in South Africa can use AxiomSL’s solutions to manage regulatory requirements in countries around the world. The requirements covered include the Alternative Investment Fund Managers Directive (AIFMD) and Solvency II in Europe.
AxiomSL supports all electronic submission formats. Its industry-leading XBRL functionality includes the ability to maintain multiple taxonomy versions. This is essential as more regulators adopt XBRL.
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.