About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

AxiomSL Wins Santander Digital Banking Business

Subscribe to our newsletter

Regulatory reporting and risk management solutions provider AxiomSL has signed a landmark deal with Openbank, the digital bank of Spain’s Santander Group and one of the world’s first fully fledged online institutions. AxiomSL will provide Openbank with central bank, capital, liquidity, trade, transaction and AnaCredit reporting on a global level, for both European and South American countries, through its strategic platform.

The agreement extends an existing relationship with Santander Group, which already uses AxiomSL’s regulatory platform to meet reporting requirements in Mexico and the US. Cristobal Miralles, chief technology officer and chief operations officer at Openbank, says: “AxiomSL’s ability to accommodate multi-jurisdictional and multi-faceted regulatory requirements was the key factor behind our decision to select its solutions. The platform will automate the full process from data capture to reporting submission to meet our central bank, capital and liquidity compliance requirements, saving us time and resources to focus on our core business activities.”

Ed Royan, CEO of AxiomSL EMEA, comments: “As regulatory requirements intensify, firms must adopt agile solutions to efficiently meet highly complex demands with ease and confidence. AxiomSL offers a single platform that can be used to tackle these multiple compliance requirements globally.”

The AxiomSL deal comes a year after an enterprise-wide overhaul at 22-year old Openbank, which holds more than €6 billion in deposits. Launched in 1995 as a telephone-based banking offshoot of Santander, in 2017 the bank transferred all its IT assets and client transactions to the cloud and revamped its online and mobile presence to become Spain’s first fully digital bank with the goal of attracting 30 million new digital customers by 2018.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Managing Non-Financial Misconduct Under SMCR

Non-financial misconduct – encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks to a firm’s culture and operational integrity. Recognizing the profound impact on...

BLOG

How GenAI Is Reshaping Surveillance and Screening: Practical Takeaways for Compliance Leaders

The rapid expansion of Generative AI across financial institutions is often described in terms of technological capability, model performance, and data scale. But for compliance leaders, the more meaningful shift is organisational and operational. The recent A-Team Group webinar on GenAI and LLM case studies for surveillance, screening and scanning brought this into sharp focus....

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

GDPR Handbook

The May 25, 2018 compliance deadline of General Data Protection Regulation (GDPR) is approaching fast, requiring financial institutions to understand what personal data they hold, why they process it, and whether it is shared with other organisations. In line with individuals’ rights under the regulation, they must also provide access to individuals’ personal data and...