AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announces that it has partnered with SKS Unternehmensberatung, a leading implementation provider of regulatory, risk and compliance management systems in Germany.
The new partnership will enable AxiomSL to further expand their presence in Germany, Austria and Luxembourg by leveraging SKS’s well established consultancy expertise and extensive knowledge of the reporting obligations in the region.
AxiomSL’s strategic platform and solutions are already widely used by German firms and this collaboration enhances its market position, as the company will utilise SKS’s German reporting know-how and functional capabilities. This will allow AxiomSL to expand solutions delivery in the region, aligned with the business and reporting requirements of both domestic and European banking supervisory authorities, and enable clients to benefit from faster, more efficient and cost-effective implementation.
SKS Unternehmensberatung covers the entire change cycle from identifying regulatory requirements to technical conception, including facilitating implementation and testing, as well as the launch of compliant reporting in the banking system landscape. The two firms will work together on client implementation projects and this collaboration will deliver a simplified process, where the regulatory reports will be generated and submitted to the relevant authorities within short implementation timeframes.
Compliant with both national and international requirements in Germany and around the globe, AxiomSL’s strategic platform and state of the art solutions are compatible with Central Bank Reporting, AnaCredit, SHS, Basel III and IV, Capital and Liquidity reporting, Trade and Transaction reporting, BCBS 239 and more.
Jan Hrynko, COO, SKS Unternehmensberatung commented: “This partnership is a key milestone in our ongoing professionalisation and growth strategy. For our customers, in addition to our consulting expertise, reliable delivery and the quality of our partners’ products are particularly important. Partnering with AxiomSL will enable us to respond more comprehensively and professionally to our customers’ wishes and needs at home and abroad.”
Ed Royan, CEO, AxiomSL EMEA commented: “AxiomSL’s partnership with SKS Unternehmensberatung emphasises our commitment to delivering high performance, agile and transparent solutions for all regulatory disclosures in Germany. Our strategic platform empowers firms with a sound regulatory reporting infrastructure designed to address complex local and global regulatory requirements. AxiomSL’s industry leading platform and track record of global success combined with SKS’s functional capabilities and regional footprint will enable firms to benefit from differentiated solutions and meet regulatory demands in a hassle free, timely and cost-effective manner, leveraging a single platform and proven regulatory reporting and risk management technology.