AxiomSL,
the leading global provider of regulatory-reporting, risk and
data-management solutions, announced today that it will relocate its
Canadian operations to accommodate the company’s tremendous growth in
the 18 months since opening its office in 2018. The new office will be
located at 130 King Street West, Toronto, Ontario, occupying the 19th
floor of the 36-story Exchange Tower building, home of the Toronto Stock
Exchange.
“We are elated to be relocating to the heart of the financial district,”
said James Babicz, Senior Vice President and Head of AxiomSL Canada.
“Since establishing the first office last year, we have seen strong
interest from clients in the risk and regulatory reporting solutions
specifically tailored to the Canadian market. In just over a year, we’ve
grown our client base to include most of the largest financial
institutions operating in Canada and expanded our work with several of
those clients to meet regional and global regulatory reporting needs.”
“Increasingly, Canada is recognized as a global leader in financial
technology innovation and AxiomSL’s office expansion is proof that the
Canadian workforce has the skills enabling our firm to drive growth
within the market.” said Alex Tsigutkin, AxiomSL’s Founder and CEO. “We
are committed to expanding our Canadian presence while delivering
end-to-end capital and risk analytics and regulatory reporting solutions
that meet evolving requirements. AxiomSL’s data integrity and control
platform, the antithesis of the black-box method, provides a transparent
approach to data management and risk calculation. The team is excited to
join the thriving financial services community at the Exchange Tower and
we truly appreciate the support that our clients have provided us in the
last few years.”
AxiomSL’s data-driven platform enables clients to generate significant
value by streamlining and automating their regulatory and risk reporting
allowing FIs to have better insight into data, processes, calculations
and reporting. The platform seamlessly ingests risk data from across the
enterprise without the need for transformation, to meet the Basel
Capital Adequacy Requirements (BCAR) mandated by the Office of the
Superintendent of Financial Institutions (OSFI).
AxiomSL’s solutions and strong grasp of the Canadian regulatory
landscape have been recognized by the industry. Notably, the company
received the American Financial Technology Award for “Best Collaboration
Initiative” last year, recognizing its work with a large Canadian bank
to address complex and nuanced reporting requirements around the globe.
About AxiomSL
AxiomSL is a global leader in risk-data management and
regulatory-reporting solutions. Leveraging more than 25 years’
experience, AxiomSL combines its deep industry experience and
intelligent data-management platform to deliver solutions and services
around regulatory and risk reporting, liquidity, capital and credit,
operations, trade and transactions, and tax analytics. Its client base
spans regional and global financial institutions with more than $43
trillion in total assets and investment managers with more than $9
trillion in assets under management. Its coverage encompasses more than
110 regulators across 55 jurisdictions.
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