AxiomSL Partners with Genpact to Deliver IntegratedModelView ― An Innovative Framework for Model Management

AxiomSL Partners with Genpact to Deliver IntegratedModelView ― An Innovative Framework for Model Management
30.10.2019 09:00 am

AxiomSL Partners with Genpact to Deliver IntegratedModelView ― An Innovative Framework for Model Management

Management , Risk Management

AxiomSL, the industry’s leading provider of regulatory reporting and risk management solutions,today announces an agreement with Genpact, a global professional services firm focused on delivering digital transformation, to empower financial firms (FIs) to efficiently implement IntegratedModelView on the AxiomSL platform. AxiomSL’s IntegratedModelView offers FIs a fresh approach to model management by enabling them to create, manage, maintain, and execute open-source language models directly within AxiomSL’s ControllerView® data integrity and control platform. With IntegratedModelView, FIs can fully incorporate their model data and outputs into regulatory-reporting solutions running on the platform.

With the advent of Basel IV reforms, many FIs will have to re-think their siloed risk-model infrastructures to bring the risk and finance functions together. Moving to open-source technologies can support this aim and improve costs. However, to maximise those benefits and position for current and future reforms, FIs will need a robust, flexible framework to successfully create and manage their models, control versioning, and enable complete data lineage.

AxiomSL’s IntegratedModelView capability combined with Genpact’s digital and process expertise in managing risk for FIs offers a fresh, comprehensive approach to managing models that will deliver the clarity, precision, and control they need to successfully address Basel-driven requirements and reduce the cost burden of their overall risk and regulatory programs. By working with AxiomSL and Genpact, FIs can formulate an orderly, efficient, and cost-beneficial approach to converting from closed-source model systems to open-source languages such as R and Python.

“Ever-evolving regulations with Basel IV just among the latest, mandate the need for financial institutions to have increased transparency and improved data governance and management,” said Manish Chopra, Global Risk and Compliance Leader at Genpact. The combination of AxiomSL’s robust data integrity and control platform and Genpact’s deep process and industry experience, helps banking clients improve risk management and compliance operations for competitive growth.”

“Financial institutions attempting to accommodate new Basel-driven capital regulations on the basis of an unwieldy, expensive array of diverse, dispersed models may discover that they lack a comprehensive, transparent view into crucial risk information,” said Alexander Tsigutkin, CEO and Founder of AxiomSL. “By incorporating IntegratedModelView into ControllerView and leveraging Genpact’s model translation capabilities, our clients can reduce the total cost of ownership (TCO) of regulatory reporting, obtain complete data lineage for improved data governance, achieve data consistency, and gain deeper insights that can impact both near- and long-term profitability.”

 

Related News

Protiviti and International RegTech Association Sets Out Blueprint for Much Needed Digital Optimization of ‘Know Your Customer’ Processes

Protiviti and the International RegTech Association (IRTA) have released the findings of a ... Read more »

Finzo selects JHC’s Neon to provide greater portfolio monitoring efficiency for wealth managers

Wealth management fintech firm JHC Systems (JHC) today announces that Finzo, a New Zealand-based integrated financial solutions provider, will be implementing JHC Neon (Neon).... Read more »

Integral ADV increases 5.2% year over year

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them... Read more »

Charles Stanley Selects Red Deer for MiFID II Research Compliance

Red Deer, the financial technology company dedicated to enhancing the performance of active investment managers, is pleased to announce that Charles Stanley, one of the UK’s... Read more »

Quadient signs European reseller partnership with Espire to drive 21st century customer communications

Quadient, the award-winning leader in Customer Communications Management (CCM), today announced a reseller partnership... Read more »

ETHoutlet.com To Provide Almost Instant Fiat to KEY Token Conversions

The digital asset and utility token exchange ETH... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel