The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

IBM Combines Algo Risk Service with Managed Data to Deliver Cloud Risk Analytics

IBM has combined its Algo Risk Service, a cloud-based risk offering acquired with Algorithmics in 2011, with cloud managed data services to deliver IBM Algo Risk Service on Cloud, a risk analytics solution that transforms upstream and downstream data to make it available for portfolio and enterprise risk modelling.

The service is offered as a multi-asset class managed risk service on cloud and can be deployed in a variety of ways to meet user requirements. For example, the software element of the service can be installed on premise and data management can be sourced from the IBM cloud. Alternatively, data management and product modelling, including simulation and valuation, could be put in the cloud, with data aggregation and risk modelling on premise.

Dr Andrew Aziz, director of research, financial engineering and on-cloud solutions at IBM Risk Analytics, explains: “Algo Risk Service on Cloud gives clients more transparency around risk modelling. Clients have a choice of market data vendors to use with the service, but with the inclusion of data management they have greater ability to drill down into the data. Full data transformation means they can use a hybrid model in terms of where the software and data reside, but still have an accurate and transparent view of risk across the enterprise.”

In addition to Algo Risk Service on Cloud, IBM has introduced Algo Risk Service Risk & Financial Engineering Workbench on Cloud, essentially a sandbox that allows users to drill down into the risk analytics and tell IBM how they would like it to change the production environment in the IBM cloud. On this, Aziz comments: “This hybrid solution provides a balance of cost of ownership and flexibility, allowing clients to use the cloud, but also the workbench, to specify their own production set up. About a quarter of Algo Risk Service on Cloud users are evaluating the workbench to achieve more transparency and flexibility.”

In terms of cloud solutions for risk reporting, and to give clients a range of options from static to customised reports, IBM has restructured existing cloud services to deliver Algo Risk Reports on Cloud. This allows users to submit portfolios for risk analysis using an IBM risk framework and for preconfigured reports to be returned. The reports are designed to meet regulatory, investor and investment manager requirements. IBM also offers customised risk reports and active investment reports providing risk information on demand.

Related content

WEBINAR

Recorded Webinar: Best practices for regulatory reporting

Regulatory reporting has been a cost and resource burden for financial institutions for many years, with the race to compliance in a highly regulated market often leading to multiple, singular regulatory reporting solutions. Legacy systems add to the challenges of making reporting changes in line with adapted and new regulations. This webinar will address these...

BLOG

AWS Adds Amazon FinSpace Managed Service Offering Data Management and Preparation for Analytics

AWS has released Amazon FinSpace, a data management and analytics managed service designed to store, catalogue and prepare financial industry data at scale, as well as reduce the time it takes to find and access data for analysis from months to minutes. FinSpace avoids the heavy lifting of building and maintaining a data management system...

EVENT

ESG Data & Tech Summit 2022

This summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...