WestLB Goes Live with Asset Control’s AC Plus to Extend Instrument Coverage

German headquartered bank WestLB has gone live with Asset Control’s AC Plus financial and reference data management software to support its back office operations and day to day user requirements across its businesses worldwide.

According to the vendor, WestLB required a solution that would enhance data quality and breadth of instrument coverage. Accordingly, Asset Control’s AC Plus consolidates multiple securities data sources, enriches the data, distributes automatically cleansed data to back office and financial systems, and gives users web-based access to data from a single source. The solution also provides WestLB with the ability to quickly add data feeds to its static data stream, adds the vendor.