Better asset and risk management platform development using elastic Azure services

Ganesh Chauhan, Technical Support Specialist, Microsoft Azure.

Services that are elastic can change size in response to customer demand. This means that pay-as-you-go Azure users will benefit the most from Azure services. Although their service is always offered, the price is kept to a minimal. One Microsoft partner is utilizing this capability as a point of differentiation because it is so crucial.

Modular and elastic benefits

The interchangeability of services is a major feature of Azure. Azure makes it easier for modern businesses to relocate and evolve when combined with elasticity. Customers of financial service providers can take advantage of best-in-class analytics in the following areas thanks to the modular approach:

  • Risk and performance analytics: A few tools for determining risk are Azure Data Lake Storage, DataBricks, and Azure Stream Analytics.
  • Regulatory compliance automation (regtech): Automating compliance using Azure DevOps or using a service provider such as CloudNeeti simplifies an arduous task.
  • Investment management technology: There are a few alternatives for managing investment portfolios, including Azure Virtual Machines and Azure Functions.

 With these capabilities, asset managers can build superior products that generate higher returns for their clients.

Financial services is a tough market

As margins are getting thinner, competition in the asset management sector has increased between active and active, passive and passive, and passive and passive. At the same time, expensive, out-of-date, and challenging-to-maintain legacy systems and technology are having an influence on costs and operational efficiencies, adding to the performance bottleneck and making it challenging to grow. Axioma, a recent Microsoft partner, is assisting its customers in the financial services sector to reclaim and maintain a competitive edge.

On-premises means rigid resources

To preserve security and control, many investment firms have turned to real datacenters. However, maintaining such assets and outdated systems is expensive and challenging to expand. Fund managers are searching for adaptable solutions to identify, develop, and put into practise superior investment strategies and products due to market volatility, fee compression, and an overall competitive investment environment. A need for enterprise-wide analytics, data, reporting, and data storage is specific.

Cloud elasticity is a vital attribute

 

Each building block of Axioma’s open and adaptable platform is reachable through APIs. Their platform has a cloud-native architecture, but because of its versatility, it can easily integrate with services from other best-in-class companies. One such platform for MAC risk management is Axioma Risk, which is used throughout the entire organisation. Asset managers may effectively scale assets under management (AUM) with the help of the solution to increase income and lessen the consequences of margin compression.

Build a unified platform with Azure

The platform’s users gain from a common architecture when it is built using Azure. Axioma, for instance, aids in the migration of solutions to their axiomaBlue platform. A shared engine that computes risk and performance statistics is then used for the advantage of the clients. Utilizing the same underlying market and reference data is also made possible by the platform’s single engine. Clients thus have a consistent understanding of risk and return throughout their whole organisation, including front, middle, and back office roles.

Users can build flexible, modular workflow solutions on a specialised platform. The platform strategy for financial services entails a highly specialised group of components, as depicted in this diagram.

Azure services used

The most comprehensive application of Azure’s elastic and modular features may be seen in Axioma. They employ these Azure services: