AxiomSL honoured Best Middle Office Initiative by AFTAs

KUALA LUMPUR, Dec 10 -- AxiomSL, a regulatory reporting and risk management solutions provider has been awarded an American Financial Technology Awards (AFTAs) for Best Middle Office Initiative by WatersTechnology.

AxiomSL founder and chief executive officer, Alex Tsigutkin said: “We are extremely pleased to have received an AFTAs award for the second year in a row.

“It is especially, meaningful because it recognises 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.

Without transparency into risk data and calculations, FIs’ analytic and regulatory-compliance foundations are weak and cannot support astute regulatory capital decision-making.

According to Tsigutkin, 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.

“They must be underpinned by dynamic data-lineage capabilities, intuitive user-controlled workflow automation and end-to-end user-friendly visualisation.”

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 programmes.

-- BERNAMA