Frankfurt
28 November 2017
Reporter: Stephanie Palmer

AxiomSL and GridCon partner up on regulatory data transition


AxiomSL has partnered with German regulatory support provider GridCon to reduce risk in data migration.

The partnership is intended to expand AxiomSL’s footprint in Germany, combining the platform with GridCon’s expertise in data models and German reporting requirements with the AxiomSL reporting platform. AxiomSL has also recently opened a Frankfurt office.

Clients will be able to submit raw data in a standard format, and GridCon’s adaptor will convert this into the AxiomSL input data models.

This will allow for more streamlined transition of data from existing solutions to AxiomSL’s platform, and AxiomSL will then generate reports and submit them to the relevant authorities as quickly as possible.

Hasan Mercan, managing director of GridCon, commented: “The cooperation of AxiomSL and GridCon combines the core competencies of two market-leading companies in the banking industry.”

Ed Royan, CEO of AxiomSL for Europe, the Middle East and Africa, added: “This strategic agreement will provide us with a key tool for easy and seamless data migration process from other vendors over to AxiomSL’s regulatory platform.”

“With the opening of our new Frankfurt office, we are thrilled to address the requirements of Germany-based financial institutions for an effortless data transition.”

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Commcise partners with RSRCHXchange for MiFID II
14 December 2017 | London | Reporter: Jenna Lomax
The collaboration allows research consumption data to be passed from the RSRCHX platform to Commcise via an API
Euronext’s ARM and APA approved
14 December 2017 | Paris | Reporter: Stephanie Palmer
Euronext has been approved by the French regulator to provide approved publication arrangement and approved reporting mechanism services to investment firms in Europe, under MiFID II
Automated derivatives processing platform gets Citi and J.P. Morgan on board
14 December 2017 | New York | Reporter: Stephanie Palmer
truePTS is intended to automate derivatives processing, removing the operational risks of manual processes and addressing regulatory and cost pressures in the space
Murex to run MX.3 platform on AWS cloud
13 December 2017 | Paris | Reporter: Becky Butcher
Murex has collaborated with Amazon Web Services to allow its clients to deploy, test and optimise its MX.3 platform on the cloud
Northern Trust appoints Edwin Chan
13 December 2017 | London | Reporter: Becky Butcher
Edwin Chan has joined Northern Trust to head up sales across the alternatives fund sector in Europe, the Middle East and Africa
Firms remain open to exposures from manual processes
13 December 2017 | New York | Reporter: Becky Butcher
Only 2 percent of capital markets companies have a fully automated compliance support programme, leaving firms open to risk from manual processes, according to a survey by Aite Group and Cordium
Oslo Connect receives regulatory upgrade
12 December 2017 | Stockholm | Reporter: Becky Butcher
Baymarkets Technology is to upgrade Oslo Børs’s OTC system, Oslo Connect, to support regulatory demands such as those under the second Markets in Financial Instruments Directive (MiFID II)
More news