About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Deutsche Postbank Picks Asset Control’s AC Plus

Subscribe to our newsletter

German bank Deutsche Postbank has selected Asset Control’s AC Plus financial and reference data management software to provide pricing data to the bank’s risk control department and support its internal value at risk (VaR) model for market risk.

Phil Lynch, Asset Control’s president and CEO, says that the vendor has been speaking to the bank since mid-2007 about the implementation. He reckons that the vendor’s presence in the German financial markets was a strong contributing factor to their selection of Asset Control. “Postbank chose Asset Control for its ease of use, low resource requirements, proven value among customers in Germany, and positive feedback from existing customers,” he says.

Dr Guenter Fiebach, head of risk control at Postbank, confirms the reasons behind the bank’s choice of vendor solution: “We chose Asset Control because the solution’s template driven infrastructure will ensure a simpler initial implementation and allow us to meet our required timelines. The solution also provides a sophisticated workflow that will enable us to automate our data management processes ourselves over time. In addition, Asset Control has a strong, recognised customer base in Germany, and therefore has a unique understanding of the local financial and regulatory environment.”

Lynch explains that prior to its implementation of AC Plus, Postbank used direct feeds of pricing data into its risk system. Postbank chose to move to the vendor solution because it “needed a more comprehensive framework that provides more reliable data and a coherent data history for its risk system”, he adds.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for data lineage and metadata management to support evolving data operations

Data lineage is key to tracking data from source to consumption and any changes to the data along the way. Metadata management provides governance and control, ensuring high quality, consistent and accurate data across a financial institution. It can be used at all levels of an organisation from the C-suite to data stewards, analysts and...

BLOG

How to Harness the Value of Cloud for Scale and Agility

As financial services firms recognise the value of data and benefits of data-led processes, many are undergoing digital transformations that put data at the heart of their operations and decision making. For most, this is providing competitive edge as data, and the insights it brings, enrich decisions and improve productivity – but not all digital...

EVENT

FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...