Ed Royan, CEO, AxiomSL EMEA

Regulatory reporting and risk management solutions provider AxiomSL’s strategic platform has been selected by Yapi Kredi Bank Nederland in a bid to achieve compliance with the European Banking Authority’s(EBA) capital and regulatory requirements. It also aims to comply with the De Nederlandsche Bank (DNB) specific financial and statistical reporting requirements. The integration is expected to reduce manual interactions and timely submission of regulatory reports.

According to the supplier, AxiomSL‘s strategic platform is expected to assist the bank with its EBA and DNB requirements. It will also provide the bank with increased automation, reduction in manual workloads, improving controls through precise data tracing and consolidate input data and report outputs for Management Information generation.

Mustafa Duru, Chief Risk Officer, Yapi Kredi commented: “AxiomSL’s strategic platform provides the ideal solution for transforming our reporting processes. We are confident that the increased automation will successfully deliver all of our central bank, liquidity and capital reports in a timely and accurate manner, while simultaneously lowering the cost of compliance. We look forward to continuing our work with AxiomSL.”

Axiom’s ControllerView, a data integrity and control platform, provides critical Asset Liability Monitoring (ALM) features such as cashflow generation, Effective Interest Rate (EIR), Interest Rate Risk in the Banking Book (IRRBB) and Mark to Market (MtM) for derivatives.

Ed Royan, CEO, AxiomSL EMEA commented: “We are delighted that Yapi Kredi Bank has selected our strategic platform to comply with the ECB’s capital and liquidity requirements as well as the DNB’s regulations in the Netherlands. Our strategic solutions simplify the reporting process with automation, data governance and end-to-end data management capabilities. This significantly lowers the cost of compliance for our clients, minimises human interaction and enhances operational efficiency. We are excited to deliver this outcome through our partnership.”

Founded in 1991, AxiomSL is an intelligent data management platform delivering regulatory reporting, liquidity, capital & credit, operations, trade & transactions and tax analytics.

Yapi Kredi Bank Nederland was formed in 2007 by the merger of Koçbank Nederland and the former Yapı Kredi Bank Nederland N.V. It provides retail and commercial banking services as well as corporate banking activities.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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