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.”