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JPMorgan Chase signs for Axiom reporting and data management platform

12 April 2011  |  4191 views  |  0 Source: Axiom Software

Axiom Software Laboratories, leading global provider of regulatory reporting and risk management solutions, announces today that JPMorgan Chase has selected Axiom SL's regulatory reporting and data management platform ControllerView, Basel123 and Integration Center as the strategic platform for its UK Basel II capital calculation, liquidity risk and regulatory reporting needs.

ControllerView and Basel123 will be used to perform capital calculations under BIPRU and GENPRU and generate the regulatory reporting requirements required by the FSA and the Bank of England, while Integration Center(TM) will streamline the process of integrating data from multiple source systems within the Bank. The solution will also provide a set of reporting templates and update services throughout regulatory changes.

To assess its capacity to migrate several existing reporting approaches to a single, flexible and integrated regulatory capital reporting solution, Axiom SL underwent a thorough system evaluation and a series of challenging workshops. After successful demonstration of Axiom's performance, functionality and strong data management infrastructure, supported by references from other large financial institutions, JPMorgan Chase selected Axiom SL to address its capital calculation, UK regulatory reporting and internal management reporting needs.

"We are proud to add JPMorgan Chase to the growing list of global financial groups making a strategic investment in the Axiom solution," says Patrice Melloul, Axiom Europe's Managing Director. "It will enable them to integrate changing requirements over time in a controlled and flexible manner. The Axiom solution continues to add demonstrable value in being a strategic asset for the most complex and high volume environments."

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