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

Upcoming Webinar: In data we trust – How to ensure high quality data to power AI

13 March 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Artificial intelligence is increasingly powering financial institutions’ processes and workflows, encompassing all parts of the enterprise from front-office to the back-office. As organisations seek to gain a competitive edge, they are trialling the technology in variety of ways to streamline and...

BLOG

Handle With Care: BNY Takes Disciplined Approach to AI Implementation

The huge opportunities offered by artificial intelligence (AI) can appear overwhelming and it’s important that financial institutions carefully manage the risks they pose to get the most out of this new generation of solutions. That’s among the key messages that Eric Hirschhorn, chief data officer at banking giant BNY, will convey when he takes the...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...