FirstRand Bank Live on AxiomSL BOE Solution
London firm using service to submit statistical reports
AxiomSL, a provider of regulatory reporting and risk management solutions, has announced that FirstRand Bank Limited (London Branch) has gone live with its solution for the production and submission of the statistical reports required by the Bank of England (BOE).
AxiomSL's solution has been recognized by the BOE since 2004. It supports all aspects of reporting to the regulator, from the aggregation and cleansing of data to the population of templates and submission of completed reports via the Online Statistical Collection Application. AxiomSL provides required report templates and updates them when they are changed by the BOE.
The BOE solution is built on the same platform as all of AxiomSL's other regulatory solutions. Financial firms can therefore use a single platform to comply with multiple regulatory requirements. Regulatory-specific updates are segregated from updates to the core platform functionality.
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