October 28, 2021- ElysianNxt has been awarded ‘Best Regulatory Compliance Solution for IFRS 9’ and ‘Best Analytics Solution to Address Capital Requirements/Liquidity Risk’ at the 2021 Regtech Insights Awards.
The RegTech Insight APAC Awards recognises both established solution providers and innovative newcomers, seeking to herald and highlight RegTech solutions that throughout the year have successfully improved firms’ ability to effectively respond to the evolving and ever more complex regulatory requirements across the global financial services industry.
We are thrilled that our users voted us as the winner in two major RegRisk areas of Basel and IFRS9. Many thanks to all our clients for their continuous trust and support. Together we are revolutionizing the world of RegRisk through the use of Real-time technology “
– Chris Puype, CEO & Founder ElysianNxt
ElysianNxt’s .NXT solution is a pioneering, end-to-end risk platform that was custom built with the latest streaming technologies and is aimed at meeting the ever-changing demands of risk and finance professionals.
It was designed to process large and complex calculations almost instantaneously, as opposed to legacy platforms which could take hours if not days. The quick implementation and scalability of the solution helps to make it a more cost-effective solution.
In addition to meeting and exceeding current regulatory requirements, our .NXT solution also employs a future-proof technology approach. By using a distributed microservices architecture compared to a traditional central-database design, the solution can quickly exchange large quantities of information in near-real-time. Being a cloud-based application it can also adapt to a multitude of technology systems and servers.
“Many congratulations to ElysianNxt for winning Best Analytics Solution to Address Capital Requirements/Liquidity Risk and Best Regulatory Compliance Solution for IFRS 9 in our inaugural RegTech Insight Awards APAC 2021. It’s a real vote of confidence from across our readership of 30,000+ senior technology officers and RegTech specialists, who selected ElysianNxt as the clear winner in a very competitive field”
– Andrew Delaney, President and Chief Content Officer of A-Team Group
The 2021 RegTech Awards were presented on Thursday, 28 October 2021. If you would like to know about our IFRS 9 offering please contact us here.