GENEVA, Switzerland – December 11, 2019 – Temenos (SIX: TEMN), the banking software company, today announces that AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions, has joined Temenos MarketPlace. Temenos MarketPlace is Temenos’ platform for connecting banks with the best complementary fintech solutions. With the addition of this new solution, Temenos Transact clients will now have access to a complementary solution to drive efficiencies for their global risk and regulatory reporting programs.
Globally, banks face an intense and constantly changing regulatory compliance environment. Temenos customers will seamlessly leverage AxiomSL’s broad array of risk capital and regulatory reporting solutions running on ControllerView®, its award-winning data integrity and control platform. Banks will benefit from AxiomSL’s comprehensive coverage of more than 110 regulators across 55 countries globally, and its unparalleled surveillance of regulatory changes that ensures its solutions are always up to date.
Adam Gable, Risk, Treasury & Financial Crime Mitigation Product Director, Temenos said:
“We are excited to work with AxiomSL to enable our clients to benefit from a leading regulatory reporting solution in the near future. With a standardized connection from Temenos to AxiomSL, our clients will be able to more fully utilize their data, eliminate exposure to monitoring and implementing myriad regulatory changes, and gain confidence in their reporting. This will simplify reporting obligations, reduce cost, and by leveraging Temenos’ risk and regulatory data-set, which is delivered on Temenos Data Lake, result in our clients being able to adapt quickly to future requirements.”
Paul Roberts, Temenos MarketPlace Director, Temenos, added:
“We are delighted to welcome AxiomSL as the latest solution available on Temenos MarketPlace. By curating and pre-integrating solutions such as AxiomSL, we are enabling fintechs to easily connect with our 3,000 customers around the world and further grow their businesses, whilst providing our clients with access to the latest in fintech innovation to drive customer experience, efficiencies and scalability.”
Alex Tsigutkin, Founder and CEO, AxiomSL said:
“Regulatory compliance requires banks to corral and manage vast amounts of diverse data and meet complex analytical and reporting requirements across many regulators and countries. We are working toward a cohesive solution where banks will be better equipped to maximize the value of their risk and regulatory data, transparently satisfy regulatory obligations, and reduce the total cost of their data management and risk and regulatory programs. This collaboration will enable our clients to gain advantage from both companies’ innovative technologies. We are proud to join the Temenos MarketPlace community for fintech providers.”