Adenza, the new company formed by the merger of AxiomSL and Calypso Technology to provide customers with end-to-end, trading, treasury, risk management and regulatory compliance platforms, today announced that it has been selected by Ualá, the fintech that is revolutionizing finance in Latin America, to automate regulatory reporting in Colombia.
To comply with rigorous regulatory requirements, financial institutions operating in Colombia must file a wide range of detailed reports capturing liquidity, risk capital and large exposures. AxiomSL’s regulatory reporting solutions seamlessly aggregate the necessary data needed to satisfy these requirements. Powered by AxiomSL’s ControllerView® data integrity and control platform, these automated solutions retrieve, manage, and reconcile volumes of disparate, diverse data to comply with complex, ever-changing risk and regulatory requirements and satisfy exacting data quality and governance expectations.
Adenza’s AxiomSL regulatory reporting solutions, which are used by the majority of the world’s Global Systemically Important Banks (G-SIBs), deliver a consistent, transparent, automated approach to capital and credit calculations, data management, and analytics. Based on a common data dictionary that harmonizes the complexities of these requirements, the solution allows Ualá to manage a wide range of local and inter-regional requirements.
Adenza’s AxiomSL regulatory reporting solutions have enabled Ualá to improve efficiency and minimize overhead while providing the growth capacity needed to accommodate the speed with which FinTech’s are moving globally.
is an Argentine Neobank for personal financial management, with an app linked to a Mastercard prepaid card that allows users to carry out financial transactions. With Ualá, users can manage their money through their mobile phones without having a bank account. Ualá also allows users to keep track of their expenses and personal finances. Send automatic push notifications to the user when a transaction is made and sort the expenses by categories to keep track of them.
Ualá was launched in Argentina in October 2017, it is in many Latin American countries. It was financed by international investors such as Soros Fund Management, Jefferies investment bank, General Catalyst Partners, Bessemer Venture Partners, Point72 Ventures, many more.
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