SimCorp and AXA Collaborate to Advance Financial Solutions
SimCorp and AXA Collaborate to Advance Financial Solutions
Highlights:
- With the award-winning SimCorp One platform, which includes SimCorp Managed Business Services and the Axioma analytics suite, AXA will benefit from more efficient and interconnected processes.
- SimCorp was chosen for its deep industry expertise and integrated capabilities across the full investment lifecycle for public and private market asset classes.
SimCorp, a leading global financial technology company, recently announced that AXA will implement the award-winning SimCorp One platform alongside SimCorp Managed Business Services to optimize portfolio monitoring and enhance financial risk management.
Through the adoption of SimCorp One, AXA's investment and risk management teams will enjoy a real-time, consolidated view of positions across all entities in the group. This significant improvement helps eliminate operational friction and enables seamless investment monitoring, addressing AXA's global insurance business needs efficiently.
According to Jean-Baptiste Tricot, Group Chief Investment Officer, AXA, "By partnering with SimCorp for both technology and business services, we are not just implementing a platform – we will transform how we operate. SimCorp's comprehensive approach delivers multiple strategic advantages: it simplifies our technology stack with a single, integrated platform, while SimCorp's Business Services will allow us to concentrate our teams on important activities that add value for our clients. We trust that the platform's scalability aligns with our evolving needs due to SimCorp's technology leadership and insurance expertise."
SimCorp One is designed to tackle critical challenges in the insurance industry, including increasing regulatory complexities, the demand for operational efficiency, and the need for cohesive technology solutions that support both public and private market investment strategies.
Adopting SimCorp One means AXA gains access to continuous platform innovation, robust data management capabilities, and specialized insurance expertise, all of which will enhance the organization’s evolving investment needs across its global operations.
The platform's unified data model meets the essential requirement to balance portfolio management with accounting standards, ensuring consistent risk and investment oversight while supporting compliance with regulatory obligations.
SimCorp’s Axioma analytics suite, embedded in the SimCorp One solution, empowers insurers to effectively manage and optimize portfolio risk exposures.
Ralf Schmücker, Senior Managing Director, EMEA, SimCorp, expressed, "We are honored that AXA has chosen us to help transform their global investment operations. AXA's decision confirms SimCorp's position as a preferred partner for insurers looking to optimize their investment operations while maintaining the highest standards of investment monitoring and risk management. By offering the only solution that integrates a front-to-back, multi-asset class system built on a unified data structure, we are prepared to resolve the challenges they face and support a total portfolio approach."
AXA will utilize SimCorp Managed Business Services for Data Management and Investment Operations. These services will ensure timely access to market and reference data for all platform users while delivering comprehensive asset servicing across all AXA assets.
Discover how SimCorp One can help modernize your organization's investment operations, data management, and portfolio management.
About SimCorp
SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side. Founded in 1971, with a team of over 3,500 employees distributed across five continents, SimCorp is a truly global technology leader that empowers more than half of the world’s top 100 financial companies through its integrated platform, services, and partner ecosystem.
SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the premier provider of risk management and portfolio optimization solutions for the global buy side.
About AXA Group
The AXA Group is a worldwide leader in insurance and asset management, serving over 95 million clients with a workforce of 154,000 employees across 50 countries. In one recent fiscal year, AXA reported substantial revenues of Euro 110.3 billion and underlying earnings of Euro 8.1 billion.
Listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628), AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is recognized in significant international SRI indexes, like the Dow Jones Sustainability Index and FTSE4GOOD, reflecting its commitment to social responsibility. AXA is also a founding member of the UN Environment Programme's Finance Initiative, advocating for sustainable insurance practices.
Frequently Asked Questions
What is the purpose of the partnership between SimCorp and AXA?
The partnership aims to enhance portfolio monitoring and financial risk management through the implementation of the SimCorp One platform.
What is the SimCorp One platform?
SimCorp One is an integrated investment management solution designed to streamline operations and improve risk management for asset classes in both public and private markets.
How does AXA benefit from using SimCorp's solutions?
AXA gains a consolidated view of investment positions in real-time, leading to improved operational efficiency and streamlined processes.
What is the significance of Axioma within this partnership?
Axioma, as part of the SimCorp One platform, provides advanced risk management capabilities, enabling AXA to optimize its portfolio risk exposures.
How does this partnership align with the insurance industry's challenges?
This collaboration addresses key challenges such as regulatory complexities and the need for operational efficiency within the insurance industry.
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