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

A-Team Insight Blogs

LBBW Chooses Xenomorph for Data Management in Risk Control

Share article

Landesbank Baden-Württemberg (LBBW) has selected Xenomorph’s TimeScape data management system for use within its group risk control department. TimeScape was chosen to meet LBBW’s need for greater data transparency, higher data quality and faster access to ever-increasing volumes of market data.

“We had a requirement for a data management system that would give us much greater data transparency across the different departments,” said Peter Westphal, Project Manager from the risk control team at LBBW. “TimeScape meets these demands – increasing our capacity to centralise, store and consolidate multiple data sources, as well as increasing the speed with which this data can be analysed. The risk control team has the flexibility to create bespoke validation tests quickly. This delivers increased productivity not only within the risk department but across the whole organisation, as data is being published to lots of other departments, too.”

TimeScape offers an added dimension to data management as it is able to directly support unstructured data such as spreadsheet-like calculations in addition to supporting new and complex derivative data structures with ease.

“We are delighted that TimeScape has been chosen by LBBW – their choice validates our aim to develop a data management system that supports large volume, highly complex data in an easy-to-use and transparent manner” said Brian Sentance, CEO of Xenomorph. He added: “Data transparency is a large but underrated issue within data management, and TimeScape makes data and analysis available to both non-technical and technical users alike, increasing productivity across the enterprise.”

Related content

WEBINAR

Recorded Webinar: Practical Approaches to Reference Data Feed Integration

A-Team Group recently held a webinar on the popular topic of Practical Approaches to Reference Data Feed Integration, discussing how firms should be approaching the challenge around data work flow and integration that’s emerging as a major pain point as firms struggle to deal with managing change and maintaining data feeds, and what help is...

BLOG

GoldenSource Ushers Reference and Pricing Data into the Front Office with Quant Workbench

Extracting value from data is a priority for financial institutions as the business looks to increase efficiency, reduce costs, identify new opportunities and gain competitive advantage. Some source in-house tools to improve the quality and accessibility of internal and external data, others look to third-parties for solutions. A new tool from GoldenSource, Quant Workbench, brings...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

FATCA – The Time to Act is Now

The US Foreign Account Tax Compliance Act – aka FATCA – raised eyebrows when its final regulations requiring foreign financial institutions (FFIs) to report US accounts to US tax authorities were published last year. But with the exception of a few modifications, the legislation remains in place and starts to comes into force in earnest...