AxiomSL’s industry-leading solutions are enabling banks, asset managers and insurance firms in the United Arab Emirates (UAE) to ease the burden of complying with a wide range of regulations, including tax, financial and risk operations reporting requirements.

AxiomSL supports the requirements of Islamic finance and provides banks and other institutions with the templates and submission functionality needed to report to the Central Bank of the United Arab Emirates and the Dubai Financial Services Authority (DFSA). AxiomSL continually monitors changes to the reporting requirements and updates its system and templates accordingly, so that its clients do not have to.

Clients can use AxiomSL to report in all electronic submission formats. AxiomSL’s sophisticated XBRL functionality includes the ability to maintain multiple taxonomy versions. This is proving particularly important to clients at a time when 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.