AxiomSL, provider of regulatory reporting and risk solutions, has announced that the company is expanding its market presence in Germany to support banks’ Brexit plans.
Many financial institutions impacted by Brexit choose Germany for their post-Brexit base within the EU and AxiomSL to provide their regulatory calculations and reporting.
AxiomSL’s strategic platform and state of the art solutions are increasingly in demand in Germany as companies are beginning to realise the benefits of automation, scalability, and strong data governance capabilities in order to meet regulatory requirements.
AxiomSL clients also receive the benefits of improved operational efficiency and reduced compliance costs.
The platform can also replicate the Capital Requirements Directive IV (CRD IV) calculations and reporting for firms who have plans to settle in Germany post-Brexit and who wish to adapt to the German reporting regime.
Ed Royan, CEO, AxiomSL EMEA, commented: “We are excited to rapidly expand our footprint in Germany, supporting firms’ Brexit plans with an agile, transparent and holistic platform to efficiently address the complex local regulatory obligations."
“With regulatory demand at an all-time high, AxiomSL is well positioned to focus on local customer needs and to further develop our client base in the region.”
“Building our German presence by providing an integrated platform mixed with our extraordinary success across the rest of EMEA allows us to leverage our strategic offering within key regional markets.”
He added: “Our proven track record of efficiently addressing regulatory reporting requirements means we are confident in our ability to provide the highest standard of service to our clients, enabling significant cost savings and increased operational efficiency.”
