Commerzbank Picks AxiomSL

alex-tsigutkin-axiomsl-1 — Alex Tsigutkin, CEO, AxiomSL

- By Joanna Wright
- 02 Sep 2016

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Regulatory reporting and risk management solutions provider AxiomSL announces that it was selected by Commerzbank to deliver the SEC 15c3-1 and other regulatory mandates, such as the Financial and Operational Combined Uniform Single, Treasury International Capital (TIC), Off Balance Sheet reporting and additional US broker-dealer-based reports.

The bank opted to implement AxiomSL's integrated platform because of its ability to address complex data infrastructure and to automate regulatory reporting requirements on one platform.

US broker-dealers are looking for ways to keep up with the stricter regimen for compliance regulations that include myriad rules such as SEC Rule 17a-5. Firms are currently grappling with legacy systems that are aggregated with manual spreadsheets to support their reporting processes.

Alex Tsigutkin, AxiomSL CEO, says: "Institutions can optimize their existing IT infrastructure by implementing a flexible data management architecture, with an analytical and reporting layer and aggregation capabilities, which will address multiple regulations on one integrated platform."

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