Nasdaq AxiomSL is designed to streamline regulatory reporting processes for financial institutions, offering a scalable, cloud-enabled platform that supports compliance with 110 regulators across 55 jurisdictions. The platform's adoption by AuRep reflects the increasing demand for modern regulatory technology solutions that can adapt to evolving requirements while providing security and scalability. Nasdaq's technology is widely used by global banks, stock exchanges, and regulatory authorities, underscoring its expertise in delivering high-quality regulatory reporting services.
Key takeaways:
- Nasdaq has partnered with Austrian Reporting Services (AuRep) to provide cloud-based regulatory reporting technology for the Austrian financial services industry.
- The Nasdaq AxiomSL platform will support compliance with the EU’s Integrated Reporting Framework (IReF), which aims to harmonize statistical reporting across euro area banks.
- Around 90% of Austrian credit institutions will move their regulatory reporting infrastructure to the cloud, upgrading from legacy on-premises solutions.
- Nasdaq AxiomSL is designed to simplify regulatory reporting processes and supports compliance with 110 regulators across 55 jurisdictions.