Erste Group Bank AG, one of the largest banking groups in Central and Eastern Europe, will implement Asset Control's AC Plus enterprise data management solution.
The bank will use AC Plus in its headquarter for the acquisition, cleansing, validation and distribution of all its market data, time-series and reference data in its treasury operations.
Erste Group Bank AG selected AC Plus after an extensive testing process demonstrating the platform's ability. By optimizing its market data management, the bank will realize significant operational efficiencies and ensure its market data quality while positioning itself for further growth of its banking network.
Mark Johnson, Director of Sales EMEA, Asset Control said: "Our experience in managing substantial data requirements at financial institutions across Central Europe and beyond gave Erste Group Bank AG the confidence to partner with us. The proven ability of the AC Plus platform to rapidly create and maintain accurate and actionable data will support Erste Group Bank AG's business expansion in a complex and fast-evolving banking environment."
© Finextra Research 2014