Bank of China has extended its use of AxiomSL’s strategic platform to meet AnaCredit reporting requirements in France.
According to AxiomSL, their scalable platform and business dashboards allows users to quickly process, monitor, and adjust large quantities of data that are required to comply with the AnaCredit regulation.
Jérôme Dion, head of risk and financial management for Bank of China and Paris, commented: “We chose to extend our usage of AxiomSL’s platform because it proved to lower the overall cost and complexity of regulatory reporting for our firm.”
“We have received positive feedback with the outcome of utilising the platform for regulatory reporting in Singapore, so the decision to use it for AnaCredit compliance in France came naturally.”
Dion added: “The platform’s ability to facilitate multi-jurisdictional reporting on a global level will also allow us to tackle any additional regulatory reporting requirements confidently. We look forward to continuing to work with the team at AxiomSL.”
Ed Royan, CEO of AxiomSL Europe Middle East and Asia, commented: “We are delighted that Bank of China has decided to extend its use of our platform to comply with AnaCredit requirements in France.”
He continued: “Navigating the maze of regulatory requirements is an enormous challenge for financial institutions and our strategic end-to-end offering significantly eases the regulatory burden for firms.”
“Our commitment to delivering regional and global solutions for our clients enables them to efficiently meet granular, frequent and complex reporting requirements across multiple jurisdictions through a single platform, whilst generating significant cost savings and improved operational efficiency.”
