AxiomSL, a provider of regulatory reporting and risk management solutions, has partnered with Carlyle Square Consultancy, a specialist in financial services. The partnership will enable clients in the region to address the changing regulatory requirements, using the latest data-driven technology.
Tariq Javed, Carlyle Square's founder, together with the AxiomSL team, will be providing regional expertise and consultancy in the areas of risk and regulatory reporting for financial institutions in KSA and GCC countries. As a team, they will build key relationships with firms in the region that require risk analytics, data management and regulatory reporting solutions.
Javed has 33 years' experience as a central banker and regulator at SAMA (Saudi Arabian Monetary Authority - the Saudi Central Bank) while AxiomSL has over 25 years' experience in intelligent data management, delivering solutions and services around regulatory and risk reporting, liquidity, capital and credit, operations, trade and transactions, and tax analytics globally. At SAMA, Javed participated in the development of national policies and reforms of the financial and banking sectors, in addition to the development and implementation of financial laws and regulations including Basel I to Basel III in the region.
David Attenborough, EMEA Head of Client Relationships, AxiomSL, stated: "It is a pleasure working with Mr Tariq Javed whose knowledge of the financial sector in the region, and the regulatory requirements are profound. He is well respected in the banking sector especially for his understanding of the intricacies of the regulatory requirements. He has overseen the implementation of Basel I, II and III standards, corporate governance, and risk management systems in the KSA banking system.
"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. With (the) ControllerView Data Integrity and Control platform, banking clients will not only improve their risk management and compliance operations but will gain the confidence in the accuracy of their data."
Javed stated: "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."