AxiomSL, the global leader in regulatory reporting and risk management solutions, announced today that it received the “Best Reporting Initiative” Award at the 10th annual American Financial Technology Awards (AFTAs), hosted by Waters Technology. This award recognized AxiomSL for the implementation of its Strategic Regulatory Platform™ at Morgan Stanley in the USA. The AFTAs recognize excellence in the deployment and management of financial technology within the asset management and investment banking industries. The winners were chosen by a panel of independent industry judges and Waters Technology editorial staff.
Alex Tsigutkin, CEO at AxiomSL, said: “We are extremely honored to receive this award for the Best Reporting Initiative for 2014 and want to extend our deep appreciation to Morgan Stanley’s team, who have been strong supporters of AxiomSL’s technology. As a proven leader in setting the standard for delivering an integrated regulatory platform, AxiomSL prides itself on its ability to develop cutting-edge solutions in an ever-changing regulatory environment. Requirements such as CCAR, FDSF, BCBS 239 and LCR are increasing regulatory scrutiny of banks and calling for the integration of large volumes of data, additional analytics and reporting. In such an environment, banks need a trusted partner that enables them to break down traditional silos between risk, finance and operations. Their chosen partner should also enable them to achieve greater transparency, traceability and scalability across regulations and jurisdictions.”
“After a thorough review of each firm’s submission for best reporting initiative, it was clear that AxiomSL’s platform provided Morgan Stanley with a strong solution to manage the complex and rigorous regulatory reporting demands that investment banks faced in 2014,” said Anthony Malakian, US editor, Waters Technology.
AxiomSL’s solutions provide complete control over every step of the regulatory reporting and risk management process. They include data sourcing (mapping, analysis, consolidation and reconciliation), workflow management (streamlined processes), reporting templates (with edit checks and results validation) and electronic submission (including XBRL). All of this is provided on one strategic platform.