AxiomSL adds regulatory reporting and risk solution to Temenos MarketPlace

AxiomSL, the provider of regulatory reporting and risk management solutions, has joined the Temenos MarketPlace, a platform that connects banks with fintech solutions.Temenos, the banking software company, explained that, globally, banks face an intense and constantly changing regulatory compliance environment.Temenos T24 Transact clients will be able to access the new solution to drive efficiencies for their global risk and regulatory reporting programmes.Temenos customers will leverage AxiomSL’s risk capital and regulatory reporting solutions running on its data integrity and control platform, ControllerView.Banks will also benefit from AxiomSL’s coverage with more than 110 regulators across 55 countries globally, and its surveillance of regulatory changes ensures its solutions are always up to date.Adam Gable, risk, treasury and financial crime mitigation product director, Temenos, said: “With a standardised connection from Temenos to AxiomSL, our clients will be able to more fully utilise their data, eliminate exposure to monitoring and implementing myriad regulatory changes, and gain confidence in their reporting.”“This will simplify reporting obligations, reduce costs, and by leveraging Temenos’ risk and regulatory data-set, which is delivered on Temenos Data Lake, resulting in our clients being able to adapt quickly to future requirements.”Alex Tsigutkin, founder and CEO, AxiomSL, added: “Regulatory compliance requires banks to corral and manage vast amounts of diverse data and meet complex analytical and reporting requirements across many regulators and countries.”“We are working toward a cohesive solution where banks will be better equipped to maximise the value of their risk and regulatory data, transparently satisfy regulatory obligations, and reduce the total cost of their data management and risk and regulatory programmes. This collaboration will enable our clients to gain an advantage from both companies’ innovative technologies. We are proud to join the Temenos MarketPlace community for fintech providers.”