Nasdaq’s leading regulatory reporting platform is coming to one of Europe’s key financial centers.
The company recently announced that it signed an agreement with industry group Austrian Reporting Services (AuRep) to provide Nasdaq AxiomSL to underpin the Austrian financial services industry’s data reporting requirements. With this deal, around 90% of Austrian credit institutions will move their regulatory reporting infrastructure to the cloud, upgrading their legacy on-premises solution to Nasdaq technology.
AuRep, a unique collaborative joint venture of Austria’s major banks and financial services, will consolidate its regulatory reporting infrastructure onto a single, shared platform. Now with Nasdaq AxiomSL, the country’s financial sector will be prepared to rapidly deploy regulatory updates and increase capacity. Additionally, future regulatory changes such as the EU’s incoming Integrated Reporting Framework will be seamlessly integrated into the platform, ensuring timely and cost-effective compliance.
“This partnership is a recognition that cloud-powered technology with a committed trusted partner can deliver significant value to the entire banking community of Austria,” said Ed Probst, Senior Vice President, Regulatory Technology at Nasdaq. “This is an innovative and leading model that now, powered by Nasdaq and AuRep, will delivery accurate, timely, future-proof and cost-effective regulatory reporting for Austria.”
“Our collaboration with AuRep underscores the importance of innovative RegTech solutions in modernizing financial services and ensuring regulatory compliance,” Probst added. “It highlights our ability to work with a variety of different entities and our commitment to delivering high-quality, secure, and adaptable solutions to our clients.”
As regulation and reporting requirements continue to evolve, Nasdaq is adapting and expanding its offerings to meet the needs of its global client base—focusing on its mission to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy.
“We’ll continue enhancing our cloud-based solutions to support a wider range of regulatory requirements and jurisdictions—including by investing in and building industry-leading AI solutions,” he said. “We are committed to providing scalability and flexibility to all of our clients as they look to be nimbler in their business practices.”
Want to learn more about Nasdaq’s new partnership with AuRep? See the announcement here.
Nasdaq’s leading regulatory reporting platform is coming to one of Europe’s key financial centers.
The company recently announced that it signed an agreement with industry group Austrian Reporting Services (AuRep) to provide Nasdaq AxiomSL to underpin the Austrian financial services industry’s data reporting requirements. With this deal, around 90% of Austrian credit institutions will move their regulatory reporting infrastructure to the cloud, upgrading their legacy on-premises solution to Nasdaq technology.
AuRep, a unique collaborative joint venture of Austria’s major banks and financial services, will consolidate its regulatory reporting infrastructure onto a single, shared platform. Now with Nasdaq AxiomSL, the country’s financial sector will be prepared to rapidly deploy regulatory updates and increase capacity. Additionally, future regulatory changes such as the EU’s incoming Integrated Reporting Framework will be seamlessly integrated into the platform, ensuring timely and cost-effective compliance.
“This partnership is a recognition that cloud-powered technology with a committed trusted partner can deliver significant value to the entire banking community of Austria,” said Ed Probst, Senior Vice President, Regulatory Technology at Nasdaq. “This is an innovative and leading model that now, powered by Nasdaq and AuRep, will delivery accurate, timely, future-proof and cost-effective regulatory reporting for Austria.”
“Our collaboration with AuRep underscores the importance of innovative RegTech solutions in modernizing financial services and ensuring regulatory compliance,” Probst added. “It highlights our ability to work with a variety of different entities and our commitment to delivering high-quality, secure, and adaptable solutions to our clients.”
As regulation and reporting requirements continue to evolve, Nasdaq is adapting and expanding its offerings to meet the needs of its global client base—focusing on its mission to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy.
“We’ll continue enhancing our cloud-based solutions to support a wider range of regulatory requirements and jurisdictions—including by investing in and building industry-leading AI solutions,” he said. “We are committed to providing scalability and flexibility to all of our clients as they look to be nimbler in their business practices.”
Want to learn more about Nasdaq’s new partnership with AuRep? See the announcement here.
