FirstRand Bank (London Branch) has implemented AxiomSL’s regulatory reporting solution.
The technology will support the bank’s production and submission of statistical reports required by the Bank of England (BOE).
The technology vendor said that its solution supports various aspects of regulatory reporting such as aggregation and cleansing of data, population of templates, as well as submission of completed reports via the Online Statistical Collection Application.
The report templates are provided and updated by AxiomSL when they are updated by BOE.
AxiomSL further said that the BOE solution is built on the same platform as the firm’s other regulatory solutions, allowing financial firms to use a single platform to comply with multiple regulatory requirements.