Nasdaq, known for its exchanges, will be securing its goal of becoming mostly a solutions provider with its just announced definitive $10.5 billion agreement to acquire Adenza — which is a combination of Calypso and AxiomSL — from private equity firm Thoma Bravo. Once authorities approve the $10.5 billion price tag, which consists of cash… Read More >>
Private Equity Firm to Buy AxiomSL
AxiomSL to Expand Offerings via Takeover A cloud-based risk management and regulatory solutions vendor AxiomSL has agreed to be taken over by Thoma Bravo, a private equity firm specializing in the software and technology-enabled services sectors, so that it can grow its customer base and expand its offerings. AxiomSL serves banks, investment management firms, broker-dealers,… Read More >>
FNZ-GBST Merger Under Scrutiny in the U.K.
CMA Starts Phase 2 Review of FNZ-GBST Union A U.K. regulator, the Competition and Markets Authority (CMA), is moving ahead with a formal investigation into FNZ’s acquisition of GBST Holdings Ltd., following a recent announcement that CMA officials were mulling this next step. “On 30 March 2020, the CMA decided that it was or may… Read More >>
AxiomSL Hires CFO from Charles River Development
David Weber to Serve as CFO &COO for AxiomSL AxiomSL, a provider of regulatory-reporting, risk and data-management services, reports the appointment of David Weber as chief operating officer (COO) and chief financial officer (CFO). Weber is a financial services industry veteran, with more than 30 years of financial management and operations experience, AxiomSL says…. Read More >>
Execs Are Growing More Fearful of Bad Data: Survey
Senior risk and regulatory financial services executives in the Americas and Asia-Pacific report changing attitudes regarding the accuracy of their organizations’ data and the impact of upcoming regulations. According to the topline June 2018 results of the most-recent annual survey conducted by AxiomSL, a provider of regulatory reporting systems and techniques for risk assessment and… Read More >>
Canada Ahead of U.S. in the Basel III Marathon
(Editor’s Note: Regulatory technology solutions provider AxiomSL appointed James Babicz to be its senior vice president and head of the Canadian office in Toronto. Babicz joined AxiomSL from Canadian Western Bank to oversee a team that will drive acceptance of the vendor’s regulatory, risk and data management solutions in response to regulatory demands of the… Read More >>
Wells Fargo Readies New London Headquarters
Wells Fargo to Move 1,200 Into London HQ Wells Fargo & Co. recently completed its purchase of 33 King William Street (formerly known as 33 Central) in the City of London from the international real estate developer HB Reavis, bank officials say. The office development effort, announced in July 2016, marks the “first international real… Read More >>
MiFID II Requires a Strategy Not Just Tactics: Q&A
(Editor’s note: The MiFID II deadline and reforms are hitting home for many non-European firms and they have to decide whether to take a tactical versus strategic approach to overhauling IT and operations, says Gaurav Chandra, product manager for AxiomSL. The company, which offers regulatory reporting and risk management solutions, bases its offerings on an… Read More >>
Some Firms Still Favor Manual Client Reporting: Survey
SS&C Survey Focuses on Client Reporting Investor clients are demanding more data from financial services firms but many firms are still relying on manual processes to pull together reports, according to a report sponsored by SS&C Technologies, a financial services software and services vendor. The survey results uncovered that while 100 percent of respondents say… Read More >>
Does Your Firm Distrust Its Own Data?
(AxiomSL, a risk data management and regulatory reporting solutions vendor, recently surveyed 132 senior-level risk and regulatory executives in North America and Asia-Pacific (APAC) about their regulatory technology concerns. One of the key takeaways from the survey is that more half of the Asia-Pacific respondents at the executive level and more than one-third of North… Read More >>
