XP Inc. Selects AxiomSL To Automate Risk and Regulatory Reporting

Scalable, cloud-enabled solution to streamline complex central bank reporting requirements

SÃO PAULO, NEW YORK, TK SEPTEMBER 2020: AxiomSL, the industry’s leading provider of risk and regulatory reporting solutions, today announced an agreement with XP Inc. (Nasdaq: XP), a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in Brazil, to implement AxiomSL’s reporting solutions to meet Central Bank of Brazil regulatory requirements.

Financial institutions authorized to operate by the Central Bank of Brazil must file a wide range of detailed reports capturing liquidity, risk capital and large exposures. AxiomSL’s regulatory reporting solutions seamlessly aggregate the necessary data needed to satisfy these requirements. Powered by AxiomSL’s ControllerView® data integrity and control platform, these automated solutions retrieve, manage, and reconcile volumes of disparate, diverse data to comply with complex, ever-changing risk and regulatory requirements, and satisfy exacting data quality and governance expectations.

“The reporting regime for banks operating in Brazil is exceedingly complex and constantly changing, with large amounts of data incorporating international requirements driven by the Basel Committee on Banking Supervision, along with specific regional requirements such as Demonstrativo de Limites Operacionais (DLO),” said Joel Machado, General Manager LATAM, AxiomsL. “AxiomSL is the leading provider in the industry that can enable XP Inc. meet these complex reporting requirements today and scale with them as they continue to grow in the future.”

“XP Inc. has been increasing its performance in the Brazilian market, revolutionizing our clients’ way of investing and constantly expanding the range of financial services provided. Our partnership with AxiomSL brings more robust risk and capital management, in addition to implementing the pillars for our evolution of complexity and segmentation of the Central Bank,” said Thiago Vinhatti, Risk and Capital Management Coordinator, XP Inc. “AxiomSL brings the strength of a true enterprise regulatory reporting solution with the flexibility to address our current needs today.”

By teaming with AxiomSL, XP Inc. is now able to consolidate and aggregate reporting across its operations, building a standardized, automated approach to regulatory reporting that will inform future regulatory reporting processes and best practices.

For more information about AxiomSL’s regulatory reporting solutions in Brazil, please click here.

About AxiomSL

AxiomSL is a global leader in risk analytics, data-management, and regulatory-reporting solutions. Leveraging more than 25 years’ experience, AxiomSL combines its deep industry experience and intelligent data-management platform to deliver solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics. Its client base spans regional and global financial institutions with more than $43 trillion in total assets and investment managers with more than $11 trillion in assets under management. Its coverage encompasses more than 110 regulators across 55 jurisdictions.

For more information, visit www.axiomsl.com

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