Axioma climbs 22 spots from 2016 rankings
Axioma, a leading provider of enterprise risk solutions for financial institutions, has been recognized as a top-ranked vendor in the Chartis Research 2017 RiskTech100® report. Rising 22 spots from last year’s rankings, Axioma is currently positioned 37th overall and 26th among U.S.-based companies. Now in its 11th year, the RiskTech100® report is internationally acknowledged as the most comprehensive independent study of the world’s major players in risk and compliance technology.
The report also recognized Axioma’s agreement to acquire the risk and regulatory reporting units of ConceptONE in March as representative of a rise in M&A activity and partnerships among risk and compliance technology vendors. The integration of ConceptONE’s capabilities into Axioma Risk, the company’s enterprise-wide risk solution, addresses the rising demands around regulatory disclosure. This has enabled clients to generate consistent views of both regulatory and internal risks across the full spectrum of the organization, from front to middle to back office.
“We are honored by this acknowledgment of our growth over the past 12 months, and proud to be recognized as an industry leader,” said Ian Webster, Axioma’s chief operating officer. “Firms worldwide are beginning to fully appreciate the competitive advantage that Axioma’s agile and flexible approach to risk management can deliver to their business. The addition of ConceptONE’s regulatory business enabled us to support firms from front to back, and in 2017 we look forward to helping clients unlock even more potential with transformative tools and technology.”
This year’s RiskTech100® report noted that global expenditure on risk technology is expected to slow about 6 percent in the coming year, after seeing a steady rise in 2016. This development highlights a shift toward smart, deliberate investment strategies and away from knee-jerk risk IT investment. Axioma has been working to stay ahead of these changes and is determined to meet the increasing demand for multi-asset class portfolio risk management and flexible, customizable risk solutions.