AxiomSL announces MNPI Vault on cloud.
New York: AxiomSL has built capabilities that enable regulatory and risk reporting on both public and private cloud infrastructures.
The launch strongly validates the view increasingly shared by regulators and financial institutions that the cloud is a viable technology infrastructure - so long as appropriate risk-mitigation capabilities are in place.
"When it comes to processing MNPI on the cloud, security is our highest priority. We provide carefully designed technical and operational capabilities to manage and mitigate risks across multiple dimensions," said Peter Tierney, Global Head of Cloud Solutions. Expanding deployment options for our clients by leveraging cloud technology is a timely and natural extension of our leadership in regulatory, risk and analytics reporting," said Alex Tsigutkin, Group CEO and Founder of AxiomSL. "I believe our clients will find the scale and automation benefits of the MNPI Vault extremely compelling. Our cloud deployment positions financial institutions to efficiently address today's rapid velocity of change and ever-increasing data volumes. With the MNPI Vault, our clients benefit not only from secure cloud-delivery, but also from global access to AxiomSL's flagship data integrity and control platform and our broad range of regulatory and risk reporting solutions."
As financial institutions contemplate cloud-computing infrastructures for regulatory reporting, they must examine the associated risks. Over the past two years, AxiomSL addressed the cloud risk-stack focusing on Business, Implementation and Operational risks and created the MNPI Vault to mitigate these risks.