Raymond James Taps AxiomSL for Data Aggregation, Reporting
This move is part of a larger data management overhaul at Raymond James.
AxiomSL, which specializes in risk data management and regulatory reporting solutions, will help the St. Petersburg, Florida-based firm to handle reporting needs relating to the Daily Net Capital rule, Customer Reserve calculations, Treasury Internal Capital reports, FOCUS reports, as well as FY Y-9C reports steaming from the Federal Reserve and Basel's Risk-Weighted Asset (RWA) calcuations.
"As part of our larger goal of data management transformation, Raymond James was looking for a strategic technology partner that could help with a significant portion of our critical reporting," said David Lesser, senior vice president of technology at Raymond James, in a statement. "AxiomSL's expertise working with complex, diversified institutions and ability to implement these solutions over a number of years was exactly what we were looking for."
Raymond James manages $604 billion of assets.
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