AxiomSL, the leading global provider of regulatory reporting and risk management solutions, today announced that it has opened new offices in Paris, Madrid and Frankfurt to further strengthen support for its French, Spanish and German client bases.
AxiomSL’s clients will benefit from the support of senior teams with extensive market and regulatory knowledge in addition to operational and technical expertise.
A local presence will allow for greater support as clients navigate an ever-changing regulatory landscape of both global and local reporting regimes, such as IFRS 9, AnaCredit, Markets in Financial Instruments Directive II (MiFID II), Interest Rate Risk in the Banking Book (IRRBB) and Fundamental Review of the Trading Book (FRTB).
AxiomSL has seen impressive growth across France, Germany and the Iberian region over the past few years. It is now working with one of Spain’s top four banks, and acquired six new tier one clients in Germany over the past year.
“We are delighted to be opening offices in Frankfurt, Madrid and Paris and consider this yet another milestone in AxiomSL’s global expansion. Our on the ground presence allows us to be closer to our clients who are increasingly looking to us to facilitate compliance with evolving regulations. We speak the local language and understand our clients and their needs. We are the global provider with a local flair,” said Ed Royan, CEO EMEA, AxiomSL.
AxiomSL is the global leader in regulatory reporting and risk management solutions for the financial industry, including banks, broker dealers, asset managers and insurance companies. Its unique enterprise data management (EDM) platform delivers data lineage, risk aggregation, analytics, workflow automation, validation and audit functionality.
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. The enterprise-wide approach offered by AxiomSL enables clients to leverage their existing data and risk management infrastructure, and reduces implementation costs, time to market and complexity.
AxiomSL employs over 600 staff globally that are dedicated to servicing clients across many of the world’s major financial centres, including New York, São Paulo, London, Paris, Brussels, Luxembourg, Frankfurt, Amsterdam, Singapore, Beijing, Hong Kong and Tokyo.
AxiomSL was awarded The Asian Banker’s 2016 “Best Compliance Risk Technology Implementation of the Year” as well as “Best Implementation at a Sell-side Firm” in the 2016 Sell-side Technology Awards. It was voted Best Reporting System Provider in the 2015 Waters Rankings and was highlighted as a ‘category leader’ by Chartis Research in its 2015 Sell-side Risk Management Technology report. The company’s work has also been recognized through a number of other accolades, including success in the Best Reporting Initiative category of the American Financial Technology Awards and in the Customer Satisfaction section of the Chartis RiskTech100 rankings. www.axiomsl.com