From: RegTech Analyst
Risk and regulatory reporting company AxiomSL has been tapped by Liechtenstein-based VP Bank to use its data integrity and control platform to boost the bank’s compliance efforts.
“Selecting AxiomSL will enhance the value of our investment in regulatory technology, optimise efficiency, and deliver business insights,” stated Robert Kilga, head of group financial management and reporting at VP Bank. “With AxiomSL’s single platform, we can ingest data in its native format from multiple sources thus creating synergies between capital, liquidity, and other business functions enterprise-wide.
“AxiomSL’s system provides intuitive, hands-on transparency into all processes from inception to filing, enhancing our confidence in the data integrity and auditability of our reporting, and enabling us to meet ever-changing regulatory requirements.”
Claudia Thurner, EMEA general manager at AxiomSL, added, “We are thrilled that VP Bank, such a well-respected institution, has joined our esteemed user community in the DACH region and globally. In these times of global uncertainly, complying with a wide range of regulatory and risk requirements across jurisdictions is more complex, data intensive, and time sensitive than ever.
“Financial institutions require a reliable technology partner who can provide global coverage while understanding the intricacies of local and regional regulatory demands. Our industry and technical expertise will enable VP Bank to streamline their processes, scale faster, and adapt swiftly and confidently to change. We look forward to a strong and strategic collaboration with VP Bank in support of their vision and growth journey.”
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