Banque Palatine selects AxiomSL regulatory platform
January 11, 2019

AxiomSL, a provider of regulatory reporting and risk management solutions, reports this morning that France's Banque Palatine, a subsidiary of Groupe BPCE, has selected AxiomSL's strategic platform to comply with AnaCredit reporting requirements in France.

AxiomSL says it will meet the bank's objective of automating the complex process of AnaCredit reporting and ensure submission in a timely and efficient manner.

The European Central Bank (ECB) introduced the AnaCredit regulation in order to collect granular credit data on individual bank loans assigned by credit institutions to companies or legal entities in the eurozone.

Reporting agents faced several significant challenges ahead of their submission deadline for complete datasets in September 2018, including data granularity, reporting frequency and multi-jurisdictional requirements. Banque Palatine selected AxiomSL's platform in order to efficiently tackle these challenges and benefit from its quick time to market and strong data management capabilities. AxiomSL adds that its multi-jurisdictional global coverage can also support any future decisions to extend the agreement scope and lower the regulatory system total cost of ownership (TCO).





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AxiomSL, a provider of regulatory reporting and risk management solutions, reports this morning that France's Banque Palatine, a subsidiary of Groupe BPCE, has selected AxiomSL's strategic platform to comply with AnaCredit reporting requirements in France.

AxiomSL says it will meet the bank's objective of automating the complex process of AnaCredit reporting and ensure submission in a timely and efficient manner.

The European Central Bank (ECB) introduced the AnaCredit regulation in order to collect granular credit data on individual bank loans assigned by credit institutions to companies or legal entities in the eurozone.

Reporting agents faced several significant challenges ahead of their submission deadline for complete datasets in September 2018, including data granularity, reporting frequency and multi-jurisdictional requirements. Banque Palatine selected AxiomSL's platform in order to efficiently tackle these challenges and benefit from its quick time to market and strong data management capabilities. AxiomSL adds that its multi-jurisdictional global coverage can also support any future decisions to extend the agreement scope and lower the regulatory system total cost of ownership (TCO).



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