AxiomSL and Integration Alpha Jointly Develop New Regulatory Reporting Solution

AxiomSL, a global provider of regulatory reporting and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions, announced today that it will further strengthen its client service through a new solution developed in partnership with Integration Alpha to offer cost-efficient managed services across Germany, Austria and Switzerland.

The jointly developed solution offers end-to-end managed services for risk and regulatory reporting. This combined offering is expected to enable financial institutions to meet regulatory requirements, while also streamlining its reporting processes across critical business functions. This should provide clients with the flexibility to meet evolving regulatory demands, given that it brings together several reporting functions into one integrated solution.

The new Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based service also leverages assets such as AxiomSL’s flexible data driven platform, which standardizes and controls key data, combined with Integration Alpha’s depth of knowledge in building cloud platforms.

The regulatory landscape for financial institutions has changed drastically. The international Basel III banking standards includes adjusted regulations on credit risk capital requirements for derivatives, fund investments and securitisations for banks. FINMA has now issued the associated implementing provisions in a new circular 2017/7 “Credit risks – banks”. The circular came into force on January 2017.

“Swiss Made” quality in a FINMA compliant cloud

However, enterprises today suffer, particularly those of small and medium sizes, as complex policies and governance structures appear to have reduced organizational efficiency, increasing the cost of operations. As such, the combined offering of AxiomSL and Integration Alpha allows firms to allocate more resources to strategic growth, knowing that their regulatory needs are being met.

Meanwhile, a key benefit of the solution is supporting compliance with both national and international requirements across Germany, Austria, and Switzerland at a lower and more predictable cost.

Ed Royan, Chief Executive at AxiomSL, EMEA, said: “Financial institutions must be able to react to changing regulatory requirements swiftly and with a high degree of flexibility. In the process, costs must be monitored and kept at a minimum, risk exposure should be fully transparent across the enterprise, and data governance and compliance cannot be compromised. Our joint offering with Integration Alpha takes into consideration all of these factors while providing a smart and robust solution in a fully controlled and secured production environment.”

Marco Selva, CEO of Integration Alpha, added: “With the joint offering of AxiomSL’s solution and our expertise in data management, process automation and BPO, we are providing the industry with a convincing remedy for the increasing complexity and cost of regulations. We deliver “Swiss Made” quality in a FINMA compliant cloud.”