AxiomSL expands into Saudi Arabia with new partnership
AxiomSL has partnered with Carlyle Square Consultancy, a specialist in the field of financial services to provide regional expertise and consultancy in the areas of risk and regulatory reporting for financial institutions in Saudi Arabia and GCC countries. AxiomSL’s 25-year global experience in intelligent data management, services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics combined with the Carlyle Square Consultancy will enable clients in the GCC to address the changing regulatory requirements, using the latest data driven technology.
Headed by Tariq Javed, a former central banker and regulator at SAMA (Saudi Arabian Monetary Authority), Carlyle Square Consultancy is a risk and finance boutique consultancy firm for financial services.
David Attenborough, EMEA Head of Client Relationships at AxiomSL, commented: "It is a pleasure working with Tariq Javed whose knowledge of the financial sector in the region, and the regulatory requirements are profound. Our collaboration with Carlyle Square Consulting will enable financial firms to manage risk with a transparent data-driven approach, while delivering the clarity and insights in the calculations and the controls needed to successfully address Basel-driven requirements."
Javed added, "I am delighted to work with AxiomSL, which has a unique data management platform with a dynamic data lineage and drill down feature – this type of technology is what financial firms from this region could benefit from when considering IFRS 9 and upcoming Basel IV regulations. We will work together to help the banks deal with the future complexity of regulatory requirements and technology advancements in the region."