BMCE Bank International automates reg reporting with AxiomSL
BMCE Bank automates regulatory reporting with AxiomSL
BMCE Bank International, a UK-based subsidiary of Morocco’s BMCE Group, is live on a new regulatory reporting platform supplied by specialist vendor AxiomSL.
The vendor says BMCE Bank International is using its solution to comply with its Bank of England (BOE) statistical reporting requirements (including FSA 047/048, ELS and balance sheet returns).
The platform is also being used for Common Reporting (Corep) and a range of calculation requirements mandated by the Capital Requirements Directive IV (CRD IV).
“BMCE Bank International has been particularly impressed by the quick time to market offered by AxiomSL and the light-touch nature of its implementation projects,” the vendor says.
The platform does not require the use of a particular data model, AxiomSL explains. “As a result, banks can load their data onto the platform as is, and do not need to spend time setting up an extract, transform, load (ETL) layer that will convert the data into a new format.”
Mohammed Afrine, CEO at BMCE International, agrees that “the quick time to market offered by AxiomSL makes the platform very attractive”.
