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May 2, 2019updated 03 May 2019 1:43pm

Yapi Kredi Bank Nederland taps AxiomSL for reporting requirements

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.

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.

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