Deutsche Bank announced that it is expanding its use of AxiomSL's regulatory reporting platform and capital calculations tool in the United States after deploying the solutions in the Asia-Pacific region.
According to AxiomSL, the solution consolidates data for regulatory reporting purposes and allows banks to provide greater transparency to regulators. Users can also run edit checks and results validation, in addition to the capital calculations tool.
"We are proud to continue serving Deutsche Bank and expand our relationship in the United States," says Alex Tsigutkin, AxiomSL's CEO. "Our strategic, data-driven solution, combined with the automation of reporting business logic, leverages our clients' existing data structure to meet the industry challenges for new business process models, transparency in reporting and the flexibility to adapt swiftly to regulatory mandates."
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