SAP and AxiomSL have integrated the SAP HANA in-memory database and AxiomSL regulatory reporting platform to deliver a solution that is fast to implement and lowers the cost of regulatory reporting for SAP HANA users.
The integration is AxiomSL’s first with another vendor product and is part of a strategic move to integrate the company’s regulatory and risk platform with leading technology solutions. The integration with SAP HANA avoids the need for users of the in-memory database to integrate AxiomSL on an individual basis and allows them to simplify, optimise and automate data aggregation and regulatory reporting processes.
Patrice Vatin, director, digital transformation and industry value engineering, SAP Financial Services France, explains: “As additional reporting requirements come into force, it is essential that the overall operational cost burden to financial institutions is minimised. With this joint solution, users can satisfy regulatory mandates such as BCBS 239 using a single platform and proven regulatory reporting technology.”
Ed Royan, chief operating officer EMEA, AxiomSL, adds: “In partnership with SAP, our combined platforms have been designed to meet the needs of financial institutions and guarantee high performance, scalability, efficiency and transparency.”