Deutsche Bank and AxiomSL win Achievement in Risk Analytics Management Award for 2012
- Deutsche Bank’s Automated Regulatory Reporting Tool (dbARRT) programme serves as a single source of data for the bank’s regulatory reporting and analytical needs.
- Deutsche Bank has enhanced productivity through automating the reporting processes.
- The bank has consolidated regulatory reporting across different divisions and multiple data sources by breaking traditional silos.
Deutsche Bank and AxiomSL have been named as joint winners of The Risk Analytics Management Award for the year 2012 during The Asian Banker Risk Games Conference. The winners received the award at the Asian Banker Summit 2013. The ceremony was held at Ritz Carlton Kuningan in Jakarta on April 24th 2013.
Deutsche Bank selected AxiomSL to implement a single source of data that caters to the bank’s regional regulatory reporting and analytical needs in a timely, accurate and cost-effective manner, with sufficient controls in place for risk mitigation. The Automated Regulatory Reporting Tool programme has enabled Deutsche Bank to respond to the region’s dynamic regulatory needs in a more agile manner.
AxiomSL’s strategic solution has enabled Deutsche Bank to comply with multi-jurisdictional regulatory requirements while providing a scalable platform for transactional and operational data analytics. It was implemented in the timeframe and the budget approved by the Bank.
About 1000 delegates attended the event, consisting of industry specialists, senior bankers, regulators, service providers and decision makers from leading institutions in Asia, the US, Europe and Latin America, where opinions and responses of practitioners from across the region to global issues are shaped.
The awards programme, administered by the Asian Banker is Asia’s most important annual risk event featuring leading practitioners from a cross-section of banks and global regulators on a number of critical areas affecting the banking industry.
A stringent three-month evaluation process based on a balanced and transparent scorecard had been used to determine the winners.
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.
About The Asian Banker
The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Hong Kong and Shanghai as well as representatives in London, New York and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website is www.theasianbanker.com.
For more information please contact:
Ms. Janice Chua
Tel: (65) 6236 6532
T.A.B. International Pte Ltd
10, Hoe Chiang Road, #14-06 Keppel Tower, Singapore 089315
Tel: (65) 6236 6520 Fax: (65) 6236 6530 www.theasianbanker.com
Evaluation Criteria for the Achievement Awards for Risk Management
The Asian Banker Achievement Awards for Risk Management programme was instituted in 2001 to identify emerging best practices and the best run risk management teams in financial institutions. We currently cover the Asia Pacific and Middle East regions but benchmark globally by tracking developments around the world.
The Achievement Awards for Risk Management programme is anchored by a panel of global leaders and subject matter experts as advisors. The selection process is a rigorous one, completed over several months and involving feedback and interviews with all constituents who are in a position to comment on the candidates. All of these make this a world-class evaluation programme, and the insights gained from the programme are published in an annual report.
An outstanding player in the risk management industry should demonstrate the following attributes:
- Competent risk organisational structure
- Strong infrastructure capabilities
- Reputable historical references
- Superior balance sheet quality
- Clearly defined monitoring capabilities and market perception
- Sound credit processes and monitoring tools
- Regular strengthening of processes and systems
In addition, we have developed stringent evaluation criteria for each product or process. The decision-making process we use for these prestigious awards is made as transparent as possible so that banks in the region can understand where they stand as sustainable retail franchises, as well as use the process to re-examine their own products and processes.
Further information on the programme can be found at The Asian Banker website, Awards Programme, at www.theasianbanker.com.
For more information please contact:
Ms Esther Tan
Tel: (65) 6236 6520
For more information about AxiomSL, please contact:
Ms. Francine Lecompte Gittins
Tel: (212) 242-4188 x142