​AXIOMSL'S PLATFORM AND REGULATORY CAPITAL SOLUTION RECOGNIZED BY AMERICAN FINANCIAL TECHNOLOGY AWARDS (AFTAS) 2019

AxiomSL Wins for Best Middle Office Initiative NEW YORK & LONDON & FRANKFURT, Germany & SINGAPORE & MEDELLIN, Colombia Dec 10 (Bernama-BUSINESS WIRE) -- AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that it was awarded an AFTAs for Best Middle Office Initiative by WatersTechnology. “We are extremely pleased to have received an AFTAs award for the second year in a row,” said Alex Tsigutkin, Founder and CEO of AxiomSL. “It is especially meaningful because it recognizes AxiomSL’s ControllerView® data integrity and control platform and its regulatory capital calculation solution.” Under Basel III, financial institutions (FIs) must maintain capital coverage and hold liquid assets to safeguard solvency and financial stability during economic stress. Calculating risk weighted assets (RWA) and regulatory capital overwhelms systems that lack clear data architectures and whose black-box engines obfuscate calculations. Without transparency into risk data and calculations, FIs’ analytic and regulatory-compliance foundations are weak and cannot support astute regulatory capital decision-making. “Basel IV-driven expansion now requires transparency across all processes to achieve seamless and efficient compliance. These processes include data sourcing, enrichment, aggregation, model management, pre-processing, validation, reconciliation, and reporting. And they must be underpinned by dynamic data-lineage capabilities, intuitive user-controlled workflow automation, and end-to-end user-friendly visualization,” Tsigutkin commented. FIs need enhanced, innovative technology that facilitates the convergence of risk and financial functions with end-to-end automated solutions. “I am immensely proud to be acknowledged for our innovative solutions for the middle office by WatersTechnology. AxiomSL’s proven technology provides technical agility and scalability. FIs benefit from fast processing that enables pre-submission assessments and adaptability to business-mix and regulatory-requirement changes. AxiomSL clients operate on large datasets, leveraging data and processes across siloes to deliver trusted regulatory capital calculations and information that can enable fine tuning of regulatory capital, satisfy risk and regulatory requirements/audits, and inform business decision-making with enterprise-wide impacts,” concluded Tsigutkin. As AxiomSL continues to innovate, many clients are opting to deploy risk and regulatory solutions on its RegCloud™ — a secure, efficient, cost-effective means to manage expanding disparate data volumes and implement meaningful risk governance and regulatory programs. http://mrem.bernama.com/viewsm.php?idm=36370