AxiomSL teams up with Confinale to boost presence in Switzerland, Germany & Liechtenstein

By Megha Bhattacharya

AxiomSL recently announced an association with Swiss IT consulting company Confinale. The partnership is expected to combine AxiomSL’s regulatory reporting platform with Confinale’s consultancy and implementation knowledge. It also aims to provide clients in Switzerland, Germany and Liechtenstein with a data and technology driven approach, that enables financial firms to address multiple risk and regulatory mandates, on a single platform.

Roland Staub, CEO, Confinale, commented, “The cooperation of AxiomSL and Confinale combines the core competencies of two market-leading companies in the banking industry. We provide implementation services based on a stable customer base in the Swiss, German and Liechtenstein banking sector. We are looking forward to a successful collaboration with AxiomSL, a leading technology partner for risk and regulatory reporting solutions. Our integration framework will reduce implementation times while allowing banks to meet their regulatory mandates faster, and achieve full transparency from data ingestion to submission, including data lineage to the source system”.

According to AxiomSL, its ControllerView platform will enable financial firms in the region to meet multiple regulatory mandates, including the Swiss National Bank (SNB), Financial Markets Authority (FMA) Liechtenstein, Bank Centrale du Luxembourg and Oesterreichische National bank (OeNB).  Customers are expected to be equipped with end-to-end risk and regulatory reporting solutions via Confinale’s integration ecosystem.

Edward Royan, Head of Global Products, AxiomSL, stated, “We are very pleased to be working with Confinale in line with our vision to expand AxiomSL’s footprint across these regions, while delivering a data and technology-driven platform, that enables clients to meet regulatory and risk reporting requirements. This collaboration will provide financial firms with a seamless process for complying with regional, as well as global regulatory reporting mandates.

“In addition, with our German-speaking Frankfurt office, we are thrilled to address the requirements of Swiss and Liechtenstein-based financial institutions for an effortless data transition. Thanks to Confinale’s well-designed integration framework and AxiomSL’s enterprise-wide data management capabilities, such a migration process will be easier to implement, by further enhancing and automating existing processes, whilst increasing workflow efficiency”.