Axioma Buffs Risk Platform with Data Cache and Dashboards

Axioma has launched a new dashboard and features to its risk management platform aiming to provide a clearer picture of risk to clients.

The new interface offers more drop-down options, and a way for clients to calculate and map risk faster through a separate cache of risk data.

One of the enhancements includes a cache to store risk data and calculations on the cloud, separate from the visualization engine used for charts and graphs. By storing the calculations, portfolio managers don’t have to rerun figures when they open a report, and it has already been updated with how risk has changed over time. It also means managers no longer need to merge reports or reconcile any information.

Ian Lumb, Axioma managing director and head of risk solutions, says the updates to the platform show how clients demand more of their data.

“The AxiomaRisk platform is now six years old, and we recognized a few years ago that our clients want to interact with their analytics differently,” Lumb says. “This adaptive approach separates the ‘heavy lifting’ of calculating risk, and means clients only have to do ‘light lifting’ and added value analysis, since the reports come back to them near instantaneously.”

He adds the new dashboards and the separate caching for risk calculations took two years to develop. Other features of the new dashboard include alerts to notify if a position or portfolio may need to be rebalanced, historical risk tracking, stress scenarios, data comparisons, and risk decomposition. Clients can also customize their dashboards and choose how they integrate the analytics generated by the platform to their own systems.

Lumb says the market has enabled clients to rethink how risk systems are being designed, which is why more efficient and customizable features have been embedded in Axioma’s risk management platform.

“An overriding reason for clients to demand these new features from us is the push to consolidate platforms,” he says. “There is a drive to be more efficient, and certainly to cut costs as well, and to move from a legacy infrastructure model. Cloud is the first choice now so we’re in the right place at the right time.”