Axioma, Legal & General Investment Management partner for improved risk analytics

Axioma, which was recently named in this year’s RegTech 100, has been chosen by Legal & General Investment Management to support its risk analytics.

This partnership was formed as Legal & General Investment Management is looking to expand its risk analytic capabilities in order to better prepare for the future.

Axioma provides enterprise-wide risk management, portfolio construction, and risk and regulatory reporting solutions and APIs. It develops and markets innovative risk analysis, portfolio rebalancing and performance attribution products for the global financial services industry. This helps leading financial firms manage risk, increase returns and improve operational efficiency.

Axioma CEO Sebastian Ceria said, “As the only cloud-based multi-asset class risk solution that delivers consistent views of risk across the enterprise, Axioma Risk continues to gain traction with financial institutions seeking the utmost in power, flexibility and analytics.”

Last month, the RegTech company launched axiomaBlue, a new cloud-based environment with a suite of tools for investment managers to efficiently create, implement and scale unique investment strategies.

This new service gives access to Axioma’s risk management services, and its API architecture provides clients with integrated access to the environment and the cloud’s on-demand computing power.

In a recent interview with RegTech Analyst, Axioma managing director and head of risk solutions Ian Lumb said the wave of new regulations being deployed is being seen as “just layers of costs on top of the business” by some compliance leaders.

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