LONDON, 25 Oct 2019: AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that it has partnered with SKS Unternehmensberatung, a leading implementation provider of regulatory, risk and compliance management systems in Germany. The new partnership will enable AxiomSL to further expand their presence in Germany, Austria and Luxembourg by leveraging SKS’s well established consultancy expertise and extensive knowledge of the reporting obligations in the region.
AxiomSL’s strategic platform and solutions are already widely used by German firms and this collaboration enhances its market position, as the company will utilise SKS’s German reporting know-how and functional capabilities. This will allow AxiomSL to expand solutions delivery in the region, aligned with the business and reporting requirements of both domestic and European banking supervisory authorities, and enable clients to benefit from faster, more efficient and cost-effective implementation.
SKS Unternehmensberatung covers the entire change cycle from identifying regulatory requirements to technical conception, including facilitating implementation and testing, as well as the launch of compliant reporting in the banking system landscape. The two firms will work together on client implementation projects and this collaboration will deliver a simplified process, where the regulatory reports will be generated and submitted to the relevant authorities within short implementation timeframes.
Compliant with both national and international requirements in Germany and around the globe, AxiomSL’s strategic platform and state of the art solutions are compatible with Central Bank Reporting, AnaCredit, SHS, Basel III and IV, Capital and Liquidity reporting, Trade and Transaction reporting, BCBS 239 and more.
Jan Hrynko, COO, SKS Unternehmensberatung commented: “This partnership is a key milestone in our ongoing professionalisation and growth strategy. For our customers, in addition to our consulting expertise, reliable delivery and the quality of our partners’ products are particularly important. Partnering with AxiomSL will enable us to respond more comprehensively and professionally to our customers’ wishes and needs at home and abroad.”
Ed Royan, CEO, AxiomSL EMEA commented: “AxiomSL’s partnership with SKS Unternehmensberatung emphasises our commitment to delivering high performance, agile and transparent solutions for all regulatory disclosures in Germany. Our strategic platform empowers firms with a sound regulatory reporting infrastructure designed to address complex local and global regulatory requirements. AxiomSL’s industry leading platform and track record of global success combined with SKS’s functional capabilities and regional footprint will enable firms to benefit from differentiated solutions and meet regulatory demands in a hassle free, timely and cost-effective manner, leveraging a single platform and proven regulatory reporting and risk management technology.
About SKS Unternehmensberatung
The SKS Group is one of the German Mittelstand’s leading consulting companies in the financial sector and currently employs over 300 permanent staff in the SKS Advisory and SKS Solutions segments. The SKS Group has a high level of professional and technical competence in the areas of reporting, risk management, compliance, accounting and controlling, and process management, as well as banking and corporate management. Mainly medium-sized to large financial institutions are supported from technical conception to realization, implementing standard software solutions in many cases, and also customized software solutions developed by the SKS Group in-house. For more information, visit www.sks-group.eu.
AxiomSL, the global leader in regulatory reporting, data and risk management solutions, was established more than 25 years ago, with offices worldwide. AxiomSL’s unique enterprise data management (EDM) platform empowers firms to address data governance and risk aggregation while delivering the analytics, workflow automation, validation, audit functionality and reporting required by multiple stakeholders across global and local regulations.
Known for its robustness, adaptability and transparency, AxiomSL’s collaborative platform imposes no constraints on where the data is located and enables financial firms to avoid duplication and double storage. It seamlessly integrates clients’ source data from disparate systems, enriches and validates the data, and runs it through risk and regulatory calculations to produce both internal and external reports. The platform supports disclosures in multiple formats, including XBRL. The unparalleled transparency offered by this high-performance platform gives users the ability to drill down on their data to any level of granularity.
AxiomSL’s platform supports compliance with a wide range of global and local regulations, including Basel III capital and liquidity requirements, the Dodd-Frank Act, AnaCredit, FATCA, AEI (CRS), EMIR, COREP/FINREP, CCAR, FDSF, BCBS 239, Solvency II, AIFMD, IFRS 9, MAS, ASIC, REMIT, MiFID II, SFTR, central bank disclosures, and both market and credit risk management requirements. AxiomSL’s enterprise-wide approach enables clients to leverage their existing data and risk management infrastructure, reducing implementation costs, time to market and complexity.
AxiomSL has received a number of awards and industry recognitions. Most recently, the firm was named “Best Risk Calculation Engine for Regulatory Compliance” in Data Management Review’s 2018 RegTech Awards and 2018 Category Leader for “Data Integrity and Control Solutions in Financial Services” by Chartis Research. This was the second year AxiomSL has been honored with both awards. In addition, the company was recognized as the “Best Reporting Platform for the Sell-Side” in WatersTechnology’s 2018 Sell-Side Technology Awards. The company’s cutting-edge solutions have received additional accolades from other industry leaders and observers, including the Waters Magazine Rankings, American Financial Technology Awards, and Chartis RiskTech100. For more information, visit www.axiomsl.com.
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