AxiomSL, a provider of risk and regulatory reporting solutions, has won a contract from Nordea Bank to support the bank’s risk and regulatory reporting needs in Finland, Sweden, Denmark and Norway.
Nordea Bank will deploy AxiomSL’s RegCloud, a managed risk and regulatory reporting platform to calculate, and reconcile large volumes of disparate data to comply with complex and evolving regulatory requirements.
Nordea will be able to map their data once and comply with FINREP, COREP, AnaCredit, and Securities Holdings Statistics Group (SHSG) reporting requirements by leveraging the platform’s data-dictionary and automated processes.
RegCloud will aggregate multiple data sources and rapidly process massive data volumes while delivering trusted information to meet regulatory mandates across the European Banking Authority (EBA) and National Central Bank (NCB).
