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

Upcoming Webinar: Market Abuse Regulation: How to Detect and Analyse Abusive Market Transactions

Date: 28 March 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market abuse is a potential problem for many financial institutions. It typically covers insider dealing, unlawful disclosure of inside information, and market manipulation, and is often difficult to detect and report in line with regulations such as Market Abuse...

BLOG

Exchange Data International Releases Readable Corporate Action Notices

Exchange Data International (EDI) has released Readable Corporate Action Notices (RCAN), a solution designed to enable personnel in front- and middle-office buy-side firms to read corporate action notices in the same way as they read news. RCAN is based on machine learning and was developed by EDI. It covers 45 corporate events, including dividends, mergers...

EVENT

A-Team Briefing: Cloud Innovation for Data Ops

This Innovation Briefing will explore approaches to data infrastructure transformation, technologies required and how to make sure processes are optimised to support real time data management. Hear from leading practitioners and innovative technology solution providers who will share insight into how to set up and leverage your data infrastructure to provide user access to consistent data and analytics, and companies the ability to monetise their data.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...