Union Bank of India (UK) has decided to use AxiomSL’s XBRL solution to submit a wide range of regulatory reports to Financial Conduct Authority (FCA), as part of its compliance with the Capital Requirements Directive IV (CRD IV).
Union Bank of India (UK) Ltd. was impressed by the robust data validation functionality offered by AxiomSL, which includes support for cross-report validations, adds the technology provider. The solution gives users the ability to make top-side adjustments to their reports if data issues are detected.
Data governance was also an important consideration for the bank. The control functionality developed by AxiomSL allows multiple users to work on a single project and sign off on their work. All changes are recorded and complete data lineage information is made available.