Raymond James Taps AxiomSL for Data Aggregation, Reporting

This move is part of a larger data management overhaul at Raymond James.

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Raymond James, which provides investment banking, asset management and financial planning services, has tapped AxiomSL to help with its data aggregation and regulatory reporting needs.

AxiomSL, which specializes in risk data management and regulatory reporting solutions, will help the St. Petersburg, Florida-based firm to handle reporting needs relating to the Daily Net Capital rule, Customer Reserve calculations, Treasury Internal Capital reports, FOCUS reports, as well as FY Y-9C reports steaming from the Federal Reserve and Basel's Risk-Weighted Asset (RWA) calcuations.

"As part of our larger goal of data management transformation, Raymond James was looking for a strategic technology partner that could help with a significant portion of our critical reporting," said David Lesser, senior vice president of technology at Raymond James, in a statement. "AxiomSL's expertise working with complex, diversified institutions and ability to implement these solutions over a number of years was exactly what we were looking for."

Raymond James manages $604 billion of assets.

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