AxiomSL’s solution goes live at an American bank in Germany

By Megha Bhattacharya

Regulatory reporting and risk management solutions provider, AxiomSL announced that its ControllerView platform has gone live at an American bank based in Germany. The Bank will benefit from the ability to manage multiple regulators’ complex requirements. The expansion encompasses numerous regulatory mandates, including COREP, FINREP, Bista/Austa Reporting, Resolution Reporting, Million Loans Reporting, liquidity, and local reporting.

Claudia Thurner, EMEA General Manager, AxiomSL, said, “Germany plays a significant role in driving our future growth and we are delighted to collaborate with our prestigious client on its strategic endeavor. In this current environment where unparalleled changes are occurring, it is critical that financial institutions have a vision for optimizing their regulatory compliance processes and this effort is not a sprint but a marathon.”

Thurner continued, “Having grown up in Germany, I fully appreciate the challenges our clients face in complying with Federal Financial Supervisory Authority (BaFin) and Bundesbank requirements, as well as other regulators. I am confident that AxiomSL’s capabilities will enable the bank to achieve its strategic objectives, manage complex regulatory mandates, and future-proof their risk and regulatory reporting”.

The Bank aims to build a regulatory and risk-reporting ecosystem with AxiomSL’s platform – catering for all current and future regulatory requirements. The partnership with the Bank includes the implementation with AxiomSL’s AnaCredit solution that enables filings across multiple Eurozone countries to meet the requirements of the European Central Bank, the Bundesbank, and various National Central Banks.

Recently, private equity investment firm Thoma Bravo announced an agreement to acquire a controlling interest in AxiomSL. The transaction is expected to be closed by the end of the year, subject to customary closing conditions.