04:50 AM EST, 02/27/2025 (MT Newswires) -- Nasdaq (NDAQ) said Thursday it has made a deal with Austrian Reporting Services to provide regulatory reporting technology for Austria's financial services industry.

Financial terms were not disclosed.

Austrian Reporting Services is a collaboration of the country's major banks and financial services firms that is meant to consolidate regulatory reporting and send it daily to the central bank.

Under the agreement, 90% of Austrian credit institutions will move their regulatory reporting infrastructure to the Nasdaq AxiomSL cloud platform, the company said.