Roger Worthington to Head AxiomSL’s New Product Ops Team

He will be based in Singapore and will report to Peter Tierney, CEO for Asia-Pacific.

Tierney says that under Worthington, the size of the product operations team is expected to grow to between six and 10 people this year.

“Worthington will be heading the team responsible for implementing and supporting the day-to-day policies and procedures to ensure AxiomSL meets the service level requirements these critical solutions require,” he says.

Worthington’s responsibilities also include establishing service-level agreements (SLAs) with AxiomSL’s clients that use the SaaS product, creating service delivery and support processes to ensure those SLAs can be measured and met, and working with Amazon Web Services, its partner, to establish and manage service levels for hosted solutions.

He has more than 20 years’ experience in building and managing shared infrastructure, including networks and data centers at financial institutions. Prior to joining AxiomSL, Worthington served as head of Asia-Pacific operations at Pico, a market data service and provider of customized managed infrastructure solutions.

AxiomSL is proposing the SaaS offering as an alternative to its on-premise deployment model for a specific set of regulatory solutions. This cloud-based approach will enable financial institutions to focus on their core business and stay on top of regulatory compliance in multiple jurisdictions.

While it will eventually be available for all AxiomSL’s solutions, the firm is launching it in Singapore to cater specifically for the revised MAS 610/1003 requirements, as mandated by the Monetary Authority of Singapore (MAS).

MAS 610/1003 regulates the submission of statistics and returns by banks and merchant banks.

“This will soon be made available in Australia for APRA [Australian Prudential Regulation Authority] EFS [Economic and Financial Statistics] regulatory reporting, shareholding disclosure reporting, and in Europe, AnaCredit reporting,” Tierney says.

He adds that the SaaS offering will complement the existing on-premise delivery option. “Initially, we expect the capability to be more attractive for financial institutions with smaller branches and/or less complex reporting requirements [that] have struggled to secure the skills and technology required to implement a sophisticated, strategic regulatory data management solution that is similar to ours on-premise.”

AxiomSL aims to offer the SaaS option for its entire solution suite globally in 12 to 18 months.

Tierney adds that transitioning from an on-premise delivery to the SaaS method will be possible. “For example, if an existing client that has been using the on-premise delivery starts to prefer the SaaS option… we will gladly facilitate the transition,” he says.