Austria’s Regulatory Reporting Infrastructure to Move to the Cloud with Nasdaq AxiomSL
Nasdaq (NDAQ) has secured a technology partnership with Austrian Reporting Services (AuRep) to provide regulatory reporting technology for Austria's financial services industry. The agreement will migrate approximately 90% of Austrian credit institutions to the cloud-based Nasdaq AxiomSL platform, upgrading from their current on-premises solution.
AuRep, founded in 2013, is a collaborative venture among major Austrian banks and financial service providers that consolidates regulatory reporting infrastructure onto a single shared platform. The cloud-based solution will support early compliance with the EU's Integrated Reporting Framework (IReF), which requires increased volume, granularity, and frequency of data submissions.
The Nasdaq AxiomSL platform currently supports compliance with 110 regulators across 55 jurisdictions and is used by 97% of global systematically important banks, demonstrating its widespread adoption in the financial services industry.
Nasdaq (NDAQ) ha stipulato una partnership tecnologica con Austrian Reporting Services (AuRep) per fornire tecnologia di reporting regolamentare per l'industria dei servizi finanziari austriaca. L'accordo prevede la migrazione di circa il 90% delle istituzioni di credito austriache verso la piattaforma Nasdaq AxiomSL basata sul cloud, aggiornando la loro attuale soluzione on-premises.
AuRep, fondata nel 2013, è un'iniziativa collaborativa tra le principali banche austriache e fornitori di servizi finanziari che consolida l'infrastruttura di reporting regolamentare su una singola piattaforma condivisa. La soluzione basata sul cloud supporterà la conformità anticipata con il Quadro di Reporting Integrato (IReF) dell'UE, che richiede un aumento del volume, della granularità e della frequenza delle presentazioni dei dati.
La piattaforma Nasdaq AxiomSL attualmente supporta la conformità con 110 regolatori in 55 giurisdizioni ed è utilizzata dal 97% delle banche globalmente sistematicamente importanti, dimostrando la sua ampia adozione nell'industria dei servizi finanziari.
Nasdaq (NDAQ) ha asegurado una asociación tecnológica con Austrian Reporting Services (AuRep) para proporcionar tecnología de informes regulatorios para la industria de servicios financieros de Austria. El acuerdo migrará aproximadamente el 90% de las instituciones de crédito austriacas a la plataforma Nasdaq AxiomSL basada en la nube, actualizando su solución actual en las instalaciones.
AuRep, fundada en 2013, es una empresa colaborativa entre los principales bancos austriacos y proveedores de servicios financieros que consolida la infraestructura de informes regulatorios en una única plataforma compartida. La solución basada en la nube apoyará el cumplimiento anticipado del Marco de Reporte Integrado (IReF) de la UE, que exige un aumento en el volumen, la granularidad y la frecuencia de las presentaciones de datos.
La plataforma Nasdaq AxiomSL actualmente apoya el cumplimiento con 110 reguladores en 55 jurisdicciones y es utilizada por el 97% de los bancos globalmente importantes de manera sistemática, demostrando su amplia adopción en la industria de servicios financieros.
나스닥 (NDAQ)는 오스트리아 금융 서비스 산업을 위한 규제 보고 기술을 제공하기 위해 오스트리아 보고 서비스(AuRep)와 기술 파트너십을 체결했습니다. 이 계약은 약 90%의 오스트리아 신용 기관을 클라우드 기반의 나스닥 AxiomSL 플랫폼으로 이전하게 되며, 현재의 온프레미스 솔루션에서 업그레이드됩니다.
2013년에 설립된 AuRep는 주요 오스트리아 은행 및 금융 서비스 제공업체 간의 협력 프로젝트로, 규제 보고 인프라를 단일 공유 플랫폼으로 통합합니다. 클라우드 기반 솔루션은 EU의 통합 보고 프레임워크 (IReF)에 대한 조기 준수를 지원하며, 이는 데이터 제출의 양, 세분성 및 빈도를 증가시킬 것을 요구합니다.
나스닥 AxiomSL 플랫폼은 현재 55개 관할권에서 110개의 규제 기관과의 준수를 지원하며, 전 세계적으로 시스템적으로 중요한 은행의 97%가 사용하고 있어 금융 서비스 산업에서의 광범위한 채택을 보여줍니다.
Nasdaq (NDAQ) a établi un partenariat technologique avec Austrian Reporting Services (AuRep) pour fournir une technologie de reporting réglementaire pour l'industrie des services financiers en Autriche. L'accord permettra de migrer environ 90% des institutions de crédit autrichiennes vers la plateforme Nasdaq AxiomSL basée sur le cloud, en passant de leur solution actuelle sur site.
AuRep, fondée en 2013, est une initiative collaborative entre les principales banques autrichiennes et les prestataires de services financiers qui consolide l'infrastructure de reporting réglementaire sur une plateforme partagée unique. La solution basée sur le cloud soutiendra la conformité anticipée avec le Cadre de Reporting Intégré (IReF) de l'UE, qui exige un volume, une granularité et une fréquence accrus des soumissions de données.
La plateforme Nasdaq AxiomSL prend actuellement en charge la conformité avec 110 régulateurs dans 55 juridictions et est utilisée par 97% des banques systématiquement importantes à l'échelle mondiale, démontrant ainsi son adoption généralisée dans l'industrie des services financiers.
Nasdaq (NDAQ) hat eine Technologiepartnerschaft mit den Austrian Reporting Services (AuRep) geschlossen, um regulatorische Berichtstechnologie für die österreichische Finanzdienstleistungsbranche bereitzustellen. Die Vereinbarung wird etwa 90% der österreichischen Kreditinstitute auf die cloudbasierte Nasdaq AxiomSL-Plattform migrieren, wobei von ihrer aktuellen On-Premises-Lösung aufgerüstet wird.
AuRep, gegründet im Jahr 2013, ist ein gemeinsames Unternehmen großer österreichischer Banken und Finanzdienstleister, das die Infrastruktur für regulatorische Berichterstattung auf einer einzigen gemeinsamen Plattform konsolidiert. Die cloudbasierte Lösung wird die frühzeitige Einhaltung des Integrierten Berichtsrahmen (IReF) der EU unterstützen, der ein erhöhtes Volumen, Granularität und Frequenz der Datenübermittlungen erfordert.
Die Nasdaq AxiomSL-Plattform unterstützt derzeit die Einhaltung von 110 Regulierungsbehörden in 55 Jurisdiktionen und wird von 97% der global systemrelevanten Banken genutzt, was ihre weitreichende Akzeptanz in der Finanzdienstleistungsbranche zeigt.
- Secured major contract covering 90% of Austrian credit institutions
- Expansion of cloud-based services in European financial market
- Strategic positioning for upcoming EU regulatory changes
- Demonstrates strong market position with 97% of global systematically important banks as clients
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Insights
Nasdaq's new agreement with Austrian Reporting Services (AuRep) represents a strategic expansion of its regulatory technology business that strengthens its recurring revenue streams beyond traditional exchange operations. By securing this deal to move 90% of Austrian credit institutions to its cloud-based AxiomSL platform, Nasdaq is capitalizing on the financial industry's growing need for sophisticated regulatory compliance solutions.
This partnership has several key implications for Nasdaq investors:
- It reinforces Nasdaq's technology diversification strategy, reducing reliance on cyclical trading revenues while building stable, subscription-based income
- The deal positions Nasdaq to capture value from the regulatory technology market, which is projected to grow substantially as financial institutions face increasing compliance requirements
- Cloud migration represents a higher-margin opportunity compared to on-premises solutions, potentially improving Nasdaq's technology segment profitability
- Early positioning for the EU's Integrated Reporting Framework (IReF) compliance creates a competitive advantage that could lead to similar contracts in other European markets
Particularly significant is how this partnership aligns with Nasdaq's broader transformation into a technology solutions provider. The company's technology is now used by 97% of global systemically important banks, demonstrating its critical infrastructure status beyond exchange operations. As regulatory requirements grow more complex globally, Nasdaq's regulatory technology business represents an increasingly valuable growth vector with predictable, recurring revenue characteristics that investors typically reward with higher multiples.
This deal also validates Nasdaq's cloud strategy and positions the company to benefit from the accelerating trend of financial institutions moving mission-critical functions to cloud environments for greater scalability, efficiency, and faster adaptation to regulatory changes.
Nasdaq secures technology partnership with AuRep, a unique collaborative joint venture of banks and financial service providers in Austria
Cloud-based platform will support early compliance with the EU’s Integrated Reporting Framework (IReF)
NEW YORK and VIENNA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced it has signed an agreement with Austrian Reporting Services (AuRep) to provide the regulatory reporting technology that underpins the Austrian financial services industry. Founded in 2013, AuRep is a unique collaboration amongst major banks and financial service providers in Austria designed to consolidate regulatory reporting infrastructure onto a single, shared platform.
The agreement will see around
“AuRep is a truly unique and innovative response to regulatory complexity and setting the global standard for simplifying regulatory reporting compliance,” said Ed Probst, Senior Vice President, Regulatory Technology at Nasdaq. “European banks are subject to intense supervisory oversight and ever-greater reporting requirements, which is driving increasing demand for cloud-based platforms that can readily adapt to change while providing scalability and the highest standards of security. We are proud of our track record in delivering the highest quality regulatory reporting products and services and AuRep's rigorous selection process has confirmed the same.”
Staying ahead of regulatory change was critical for AuRep. By selecting Nasdaq AxiomSL as a Service (SaaS), AuRep is able to rapidly deploy regulatory updates and scale up capacity to deliver to the Austrian banking community. Future regulatory changes such as the EU’s incoming Integrated Reporting Framework (IReF) will be seamlessly integrated into the Nasdaq AxiomSL platform ensuring timely and cost-effective compliance. IReF seeks to harmonize statistical reporting across euro area banks, but will significantly increase the volume, granularity, and frequency of data submissions, meaning many will be unable to comply unless they modernize their underlying data architecture or seek cloud-based solutions.
Kenneth Born, CEO at Aurep, said: “We selected Nasdaq AxiomSL to future-proof our Common Reporting Platform, optimized according to our Target Operating Model drawing on innovative, scalable, and fully compliant public cloud infrastructure. Adapting this software in line with the Austrian Central Bank’s granular Integrated Reporting Data Model, continues the success story of the Austrian standardized granular reporting platform. It enables banks to create and submit reports legally required under Austrian and European regulations, with tailored and efficient software in a consistent and highly standardized manner, while realizing economies of share.”
Owned by the majority of Austrian Banking groups, AuRep operates a common regulatory reporting platform, offering an audit-proof, stable, and reliable framework for its members. It is the single point of contact for all reporting entities and financial service providers in the country, aggregating data into a central client-isolated reporting system, which then transmits data reliably and securely to the Central Bank of the Republic of Austria.
Nasdaq AxiomSL is a comprehensive data management tool and regulatory reporting platform. It is designed to simplify regulatory reporting processes for banks and other financial services companies, recognizing that in an increasingly global and real-time financial ecosystem, institutions need modern compliance and regulatory reporting solutions that simplify a complex regulatory landscape. The platform allows clients to centralize and scale all current and future regulatory reporting processes from a single, cloud-enabled, end-to-end platform. It supports compliance with 110 regulators across 55 jurisdictions, backed by a global team of industry experts, supporting a quick time to market as banks expand into new markets or asset classes.
Nasdaq’s technology is used by
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Media Contacts
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will” and “can” and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s AxiomSL platform. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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FAQ
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