Deutsche Postbank Selects Asset Control for Market Data Management

Germany’s largest retail bank Postbank has chosen Asset Control’s AC Plus financial and reference data management software. Postbank will use Asset Control to provide quality controlled pricing data to the bank’s risk control department and support its Internal VaR (Value at Risk) Model for market risk. Postbank required a solution that could be implemented to meet its time-to-market objectives, while requiring only minimum IT resources in the day-to-day management of the system. Dr. Guenter Fiebach, head of risk control at Postbank, said, “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 recognised customer base in Germany, and therefore has an understanding of the local financial and regulatory environment.”

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