NEWS
Nordea selects AxiomSL to automate risk and regulatory reporting in Nordic countries
addition , RegCloud will aggregate multiple data sources and rapidly process massive data volumes while delivering trusted information to meet regulatory mandates across the European Banking Authority ( EBA ) and National Central Bank ( NCB ).
AxiomSL , a leading provider of risk and regulatory reporting solutions , has announced that it has been selected by Nordea Bank to support the bank ’ s risk and regulatory reporting requirements in Finland , Sweden , Denmark and Norway . Nordea Bank will implement AxiomSL ’ s RegCloud , a fully managed , cloud-based risk and regulatory reporting platform used by financial institutions to source , enrich , calculate and reconcile large volumes of disparate data to comply with complex and evolving regulatory requirements .
Nordea will be able to map its data once and comply with FINREP , COREP , AnaCredit and Securities Holdings Statistics Group ( SHSG ) reporting requirements by leveraging the platform ’ s adaptable data-dictionary and end-to-end automated processes . In
Part of Nordea ’ s RegTech project initiative was to transform its legacy regulatory reporting processes ; AxiomSL will help the bank re-architect and future-proof its risk and regulatory systems to drive down efficiency ratios and achieve performance , reliability and compliance outcomes .
Nick Livingstone , Head of Financial Reporting and Control , Nordea Bank , said : “ Earning our customers ’ trust and fulfiling our commitment to them is always a priority .
“ Therefore , investing in a reliable , secure and transparent regulatory platform that is constantly updated is paramount ”.
New research reveals ‘ hybrid ’ skills are reshaping UK job demand
Following the publication of Robert Half ’ s Demand for Skilled Talent report , the specialised recruiter has released additional data , spotlighting the growth in employer demand for new ‘ hybrid ’ skills across the UK .
Produced in association with Burning Glass Technologies , Robert Half ’ s latest research evidences a definite shift in skills demand among employers in response to the adoption of new technologies and economic shifts experienced during the first months of the COVID-19 pandemic . how these new hybrid skillsets are impacting technical roles include :
Technology
• + 52 % in system administrators required to satisfy customers
• + 51 % in software developers who are able to establish customer rapport
• + 42 % in web and multimedia developers who can provide customer follow-up
Finance and accounting
Job advertisements are requesting more people-focused skills for technical roles and , conversely , more technical and datahandling proficiencies for administrative and marketing job functions .
Based on an analysis of all online job postings in the UK during the period of December 2019 through until November 2020 , examples of
• + 100 % in finance and insurance clerks with CRM abilities
• + 46 % in securities and finance dealers required to establish customer rapport
• + 25 % in management and organisational analysts to apply conceptual thinking
“ The skills employers need are not only evolving rapidly but also reshaping and combining in new and often unexpected ways . Just a few years ago , no one would have thought advertising and marketing managers would need to configure software , or that software developers would need the skills to build rapport with customers ,” said Matt Sigelman , CEO of Burning Glass Technologies .
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