AxiomSL, a provider of regulatory reporting and risk management solutions, has formed a strategic partnership with German technical and regulatory support provider GridCon.
The company said the partnership will leverage its ‘German reporting know-how’ and extensive knowledge on data models for risk free data migration.
Through the deal, GridCon’s adaptor will take standard interfaces, such as csv, text or XML files, and convert the delivered data into the AxiomSL input data models, such as FINSTAT.
This will enable an easy, seamless and efficient data transition over to AxiomSL’s strategic platform, where the regulatory reports will be generated and submitted to the relevant authorities within short implementation timeframes.
Ed Royan, CEO, AxiomSL EMEA said: “This strategic agreement will provide us with a key tool for easy and seamless data migration process from other vendors over to AxiomSL’s regulatory platform. With the opening of our new Frankfurt office, we are thrilled to address the requirements of Germany-based financial institutions for an effortless data transition.
“Thanks to GridCon’s well-designed adaptor and AxiomSL’s enterprise-wide data management capabilities, such migration process will be extremely easy to implement, keeping legacy systems unchanged whilst increasing workflow efficiency.”
AxiomSL provides regulatory reporting and risk management solutions for the financial industry, including banks, broker dealers, asset managers and insurance companies. Its enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
The company’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.
Copyright © 2017 RegTech Analyst
Copyright © 2018 RegTech Analyst