A major Spanish bank in Mexico has selected AxiomSL’s analytics and reporting platform to meet Mexican regulatory and credit risk reporting requirements, manage complex calculations and comply with multiple submission deadlines.

The bank will use the AxiomSL platform to gather, aggregate, enrich, validate and process large amounts of data at any level of granularity across siloed systems.

The platform will enable the Spanish bank to submit reports to one of the main regulators in Mexico, the Comisión Nacional Bancaria y de Valores (CNBV).

In addition, the platform can be used to calculate the bank’s credit risk capital using key indicators such as exposure at default, loss given default and probability of default.

AxiomSL said that its flexible and robust tool for regulatory calculations and reporting seamlessly integrates with clients’ existing infrastructure, addresses large volumes of disparate data, improves automation, produces and discloses reports and lowers the cost of compliance.

The platform also streamlines reporting and analytics processes across all business functions, enabling financial services institutions (FSIs) to maintain the required levels of capital by providing a unified view of their risk management and financial data.

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AxiomSL CEO Alex Tsigutkin said: "Our holistic, data-driven platform delivers risk aggregation with full data and process governance. It empowers financial institutions to respond quickly and accurately to external regulatory demands, as well as internal management reporting requirements.

"With increased regulation, tighter margins and ever-changing market conditions, it is critical that financial services institutions (FSIs) have a responsive, configurable IT platform that allows them to drill down and slice and dice their data with the support of pre-built dashboards and visualization tools."