Singapore/Hong Kong, 14 November 2019 – AxiomSL has been awarded the Best Solution in Regulatory Reporting and the Regtech Award for Cloud Innovation in the 2nd Regulation Asia Awards for Excellence 2019 at a ceremony in Singapore on 13 November 2019.
In the hotly-contested Regulatory Reporting category, AxiomSL emerged as the winner for its enterprise data management platform for risk and regulatory reporting, known as ControllerView. The solution is able to retrieve, manage, and reconcile large volumes of disparate, diverse data with automated workflows, and flexibly interface with existing architectures and data structures at financial institutions to drive regulatory reporting.
According to judging panel, a key strength of the solution is the flexibility of its data model, which is able to ingest and integrate original source data without forcing data conversion, by leveraging AxiomSL’s family of data dictionaries. The solution “effectively conquers the data management challenges” with respect to regulatory reporting, said one judge.
“Axiom SL’s solution has the significant advantage of not imposing a data structure, and appears to focus on data flows,” another judge said. “As regulators continue to expand their appetite data generated from across the enterprise, the most future-proofed solution will be one that focuses on ingestion capabilities.”
In the Regtech category for Cloud Innovation, the judges highlighted AxiomSL’s cloud service – known as RegCloud – which enables financial institutions to securely and efficiently run an array of end-to-end risk and regulatory data management and reporting solutions on ControllerView in the cloud.
ControllerView deployed on RegCloud delivers transparency across all processes, including data sourcing, enrichment, aggregation, pre-processing, validation and reporting. In addition, dynamic data-lineage capabilities, intuitive user-controlled workflow automation, and end-to-end user-friendly visualisations underpin all processes.
About the Regulation Asia Awards for Excellence 2019
Regulation Asia Awards for Excellence recognises technology companies, legal and consulting firms, and exchanges that have shaped the regulatory landscape in Asia Pacific, as well as outstanding technology projects both in mature and emerging markets by large tech firms and innovative startups that help meet the requirements of a specific regulatory change infrastructure.
For a full list of award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, our audience and subscription base have grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing us to play a key role in the regulatory agenda.
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