Today, capital markets professionals are focused on managing the new regulations and organizations are seeking technology tools to empower them with a cost-effective operational platform in order to monitor risks and regulatory reporting requirements. AxiomSL’s robust and flexible solution meets the latest and ongoing regulatory reforms.
“As the regulatory landscape continues to evolve, our strategic, datadriven platform provides customers with the transparency and flexibility they require to manage risk and regulatory compliance,” said Tsigutkin. “In addition, our business logic rules give managers the control, power and ability to address changes without being dependent on technical resources.”
‘Numerous regulatory challenges, one solution’ is what Tsigutkin largely believes in and as such, while most software companies create a stand-alone tool for each new data management requirement, AxiomSL’s integrated platform enables firms to seamlessly map, aggregate, calculate and enrich the data while delivering the level of granularity and transparency required by the regulators. The complex data integration and management challenges organizations face are starting to centralize their strategic intelligence, knowledge base and business logic rules.
AxiomSL’s solution is built to serve a variety of global financial institutions including banks, alternative investment and insurance sectors. Its integrated platform enables the U.S. banks to meet the Comprehensive Capital Analysis and Review (CCAR) requirements mandated by the Federal Reserve Board. This quarterly and annual filing is a complex and data intensive exercise in asset risk evaluation. To file CCAR, firms require flexible data management infrastructure, like the one provided by AxiomSL, with seamless and completely transparent data and application environment which tracks data and process work flows, calculation formulas/rules and aggregation parameters, and underlying source data.
“Our unique enterprise solution meets evolving regulatory reporting and risk requirements across multiple jurisdictions and regulators on a single integrated platform with full transparency on clients’ source data,” said Tsigutkin.