Yapi Kredi Bank Nederland, a Dutch retail bank, has opted for AxiomSL strategic platform to meet reporting requirements of De Nederlandsche Bank (DNB) – the country’s central bank – and European Banking Authority (EBA).

ControllerView, the vendor’s data integrity and control platform, offers critical Asset Liability Monitoring (ALM) functions.

Among these ALM functions are cashflow generation, Effective Interest Rate, Interest Rate Risk in the Banking Book and Mark to Market for derivatives.

AxiomSL said that its platform includes all important features and calculations in one place.

The technology is said to lower manual interactions in reporting and increase automation.

This in turn, is said to facilitate the timely submission of regulatory reports.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

Tick here to opt out of curated industry news, reports, and event updates from Retail Banker International.

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to the vendor, its platform will enable the bank to trace data in a transparent and precise manner.

Yapi Kredi chief risk officer Mustafa Duru said: “AxiomSL’s strategic platform provides the ideal solution for transforming our reporting processes.

“We are confident that the increased automation will successfully deliver all of our central bank, liquidity and capital reports in a timely and accurate manner, while simultaneously lowering the cost of compliance.”

Recently, various banks across the globe have tapped AxiomSL’s platform for regulatory compliance.

Earlier this year, Groupe BPCE subsidiary Banque Palatine chose the platform to adhere to AnaCredit reporting norms in France.

Last November, Openbank- the digital banking arm of Santander- selected the platform for regulatory reporting.