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SimCorp Partners with AXA for Enhanced Financial Solutions

SimCorp, a renowned leader in financial technology, has officially announced a partnership with AXA to implement its award-winning SimCorp One platform. This strategic collaboration aims to revolutionize AXA's ability to monitor portfolios and improve financial risk management, addressing the complexities of the ever-evolving financial landscape.

A New Era for AXA’s Investment Management

AXA, a global leader in insurance and asset management, is set to streamline its operations using the integrated capabilities of the SimCorp One platform alongside SimCorp Managed Business Services. With this state-of-the-art solution, AXA’s investment and risk management teams will have access to a real-time and consolidated view of their financial positions across all entities within the group.

Jean-Baptiste Tricot, Group Chief Investment Officer at AXA, expressed enthusiasm about the platform, stating, "By partnering with SimCorp for both technology and business services, we're not just implementing a platform – we will transform how we operate." This partnership not only simplifies their technology stack with an integrated platform, but it also allows their teams to concentrate on delivering higher value to their clients.

Addressing Industry Challenges

The decision to adopt SimCorp One comes in light of several critical challenges that plague the insurance sector today. Increasing regulatory complexities and the demand for operational efficiency necessitate a technology solution that supports both public and private market investment strategies. SimCorp’s holistic approach addresses these challenges directly by incorporating comprehensive data management capabilities and ongoing platform innovations.

The unified data model offered by SimCorp One ensures that AXA can balance its portfolio management needs with accounting standards. This promotes consistent oversight of risk and investments while also supporting compliance with regulatory requirements. Embedded within the platform, the Axioma analytics suite enhances risk management processes, enabling AXA to manage and optimize portfolio risk exposures effectively.

Ralf Schmücker, Senior Managing Director at SimCorp, shared his excitement over the partnership: "We are honored that AXA has chosen us to help transform their global investment operations… By offering the market's only solution that integrates a front-to-back, multi-asset class system built on a unified data structure, we are well-positioned to tackle these challenges and enable a total portfolio approach."

Comprehensive Services for a Complex World

In response to the intricate nature of modern financial operations, AXA is set to leverage SimCorp's Managed Business Services for Data Management and Investment Operations. These services will furnish platform users with timely market and reference data, thus ensuring comprehensive asset servicing across all AXA's assets.

As the financial sector continues to evolve, the collaborative efforts between SimCorp and AXA signify a remarkable step toward modernization. They aim to help businesses streamline their investment operations, effectively manage data, and enhance overall portfolio management strategies.

For organizations keen on modernizing their investment operations, enhancing data management, or improving portfolio oversight, SimCorp One presents itself as a robust solution. Those interested can delve deeper into its capabilities by visiting SimCorp's official website.

About SimCorp

Since its inception in 1971, SimCorp has established itself as a provider of top-of-the-line integrated investment management solutions catering to the global buy-side. With a team of over 3,500 employees spread across five continents, it empowers a significant portion of the world's leading financial entities through its advanced platform.

SimCorp is a proud member of Deutsche Börse Group and encompasses Axioma, a leader in providing risk management and portfolio optimization solutions for the global buy-side. For more information about SimCorp’s offerings, visit www.simcorp.com.

About AXA Group

AXA Group stands as a global leader in insurance and asset management, with a workforce of 154,000 employees serving 95 million clients in 50 countries. With 2024 revenues totalling €110.3 billion and underlying earnings of €8.1 billion, AXA’s commitment to innovation and client service is evident. It is included in key international SRI indexes and is recognized for upholding sustainability principles.

This synergistic partnership underscores the need for industry leaders to adopt integrated technological solutions that not only enhance operational efficiency but also align closely with evolving regulatory frameworks. In a world where technological prowess is paramount, alliances like that between SimCorp and AXA are vital in driving the financial services sector forward.