Date: November 26, 2012
AxiomSL, leading global provider of regulatory reporting and risk management solutions, has continued its global deployment of ControllerView®’s platform to include Swiss reporting. AxiomSL’s robust multi-jurisdictional regulatory reporting solution complies with Swiss Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) requirements. The fully integrated data management platform enables banks and insurance companies to consolidate their global reporting on a single platform removing manual workarounds, redundant activities while reducing operational cost and meeting regulatory requirements.
Following the successful global deployment of AxiomSL’s platform in the Americas, Europe, and Asia Pacific, a major Swiss headquartered, global investment and private bank chose to extend AxiomSL ControllerView® to deliver HQ Swiss regulatory reporting. This helped to realise the bank’s strategic vision of using AxiomSL’s data management framework to meet their key global reporting needs.
AxiomSL was selected as their global reporting platform as it offers the flexibility and adaptability required to comply with changing regulatory rules. The implementation of a single global platform allowed them to consolidate technical and business expertise while achieving greater operational cost efficiency.
AxiomSL’s ControllerView® was implemented quickly and genuinely has enabled the bank to meet their delivery and budget targets. AxiomSL, an active participant in xBRL community in Switzerland, has committed to comply with the changes planned in 2015 as the Swiss regulators move from existing submission architecture to an xBRL standard.
“Our global banking client faces challenging times as they must deal with multiple jurisdictions and multiple timetables for new regulations. AxiomSL’s ControllerView® complies with multi-jurisdictional regulatory reporting requirements and delivers the foundation for standardized processes & controls while ensuring transparency with a complete audit trail” indicated Patrice Melloul, AxiomSL’s EMEA Managing Director. “This integrated regulatory platform, which interfaces with banks existing data structure without any conversion, has enabled our client to enhance compliance reporting efficiency, improve the monitoring of processes, collect consistent & harmonized data and achieve economies of scale in addressing both internal and external requirements.”
AxiomSL is a global leader in risk management and regulatory reporting solutions. Basel III regulations, Form PF, Solvency II, liquidity, market and credit risk management and transparency are new rules where AxiomSL empowers clients with a cost-effective operational platform to monitor risks and regulatory reporting requirements. Top financial firms use our Solutions; RiskMonitor® for risk management and ControllerView® for regulatory reporting, serving global jurisdictions. Our dynamic data management platform integrates seamlessly with your technical environment in a matter of weeks. AxiomSL’s product line provides an end-to-end solution to comply with all regulatory requirements.