Demand for regulatory-linked technology continues to develop as rules proliferate in Europe.

An unnamed “systemically important bank” has extended its use of a regulatory reporting platform provided by AxiomSL, the fintech firm, to Germany, the UK and France.

As part of the first phase of the implementation, the bank will use the AxiomSL platform in Germany, France and the UK to manage the liquidity reporting requirements of the European Union’s Capital Requirements Directive IV. At a later stage, the bank will increase its use of the platform in Germany and the UK to include all other CRD IV reporting requirements and local statistical disclosure requirements.

The identity of the bank wasn’t disclosed.

The decision to use the AxiomSL platform in Europe followed similar projects in the US and Singapore.

To see a previous story about AxiomSL, click here.