Date: December 28, 2010
Location: New York
AxiomSL, a leading global provider of Regulatory Reporting and Risk Management solutions has announced today that a Major Swiss Banking Group has selected its regulatory reporting and data management products, ControllerView® and Integration CenterTM as the strategic platform to cater for its multinational regulatory reporting needs. ControllerView® will be used to generate all regulatory reports in multiple jurisdictions, while Integration CenterTM will give the bank the ability to incorporate data from multiple source systems.
AxiomSL was initially used by the Bank in its London operations to report to the Bank of England and the FSA and was shortly followed by New York for US regulatory reporting. The successful demonstration of the solution’s flexibility over the past four years, coupled with its natively strong data management infrastructure, gave the Bank necessary confidence to extend the use of Axiom and become the strategic platform to take charge of its reporting process globally. The solution will be deployed in stages across several locations globally to deliver regulatory reporting to multiple jurisdictions across Asia, Europe and Americas. Axiom will also automate operational reporting for entities in Asia including Singapore, Korea and Hong Kong.
ControllerView® offers the flexibility required to support equally changes in reports and source systems while providing the essential transparency needed for a clear view of calculations, processes and results to both users and regulators. The system also provides a full set of reporting templates which are maintained for jurisdictions world-wide throughout regulatory changes. Its ability to handle disparate sources of data along with its proven high volumes performance has turned AxiomSL into the solution of choice for many institutions with global regulatory needs.
“We are delighted to have this Major Swiss Bank expand its usage of AxiomSL products and services globally, says Patrice Melloul, AxiomSL’s Managing Director. “This institution has been in the forefront of global financial firms that have made a commitment to AxiomSL. In helping to address the upcoming changes they face across global jurisdictions, systems, and entities, Axiom is the only solution available to global organizations serious about addressing the ever increasing demands of global regulators and executives for a complete picture of the enterprise.” he added.
AxiomSL is a leader in software solutions for enterprise Risk Management, Data Management, Regulatory Reporting and Compliance. AxiomSL’s proven technological platform solves the highly complex data, risk and financial management challenges faced by the world’s leading financial institutions. AxiomSL’s products help clients deal with the dynamics of business and technology changes, adapting to different data and technical environments, allowing mission critical activities to be performed across the entire enterprise. AxiomSL’s professionals cover a range of disciplines, including risk management, database and middleware technology, financial control and regulatory reporting.