Major Swiss Bank To Deploy AxiomSL for Regulatory Reporting in the US

Date: November 19, 2007
Location: New York

As a result of successful implementation of AxiomSL’s Basel II regulatory reporting and data management solution in the UK, a major Swiss Bank has acquired AxiomSL’s ControllerView® software for all its regulatory reporting in the United States.

AxiomSL will provide the complete reporting infrastructure and process management from source data input to report generation and electronic delivery of the final reports to the authorities. ControllerView® will provide the Bank’s finance department with complete coverage and functionality for banking and securities regulatory and financial reporting requirements such as the Federal Reserve Bank, Departments of Treasury, State Banking regulators and SEC. ControllerView® will improve the accuracy, speed and transparency of the Bank’s reports while ensuring confidence among users, regulators, auditors and management.

“After successful delivery of our FSA and Bank of England solution, the Swiss Bank in the UK and AxiomSL has built a strong relationship over the past year and we are proud to be able to implement our software in their US Subsidiaries. We are looking forward to working with their US team” said Alexander Tsigutkin, CEO of AxiomSL.