LBBW signs for Xenomorph data management system

LBBW signs for Xenomorph data management system

Germany's Landesbank Baden-Württemberg (LBBW) is rolling out Xenomorph's data management system, TimeScape at its group risk control department.

Xenomorph says LBBW chose TimeScape to improve data transparency and quality as well as to provide faster access to ever-increasing volumes of market data.

Peter Westphal, project manager, risk control team, LBBW, says: "We had a requirement for a data management system that would give us much greater data transparency across the different departments. 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 technology also provides LBBW's risk control team with the flexibility to create bespoke validation tests quickly, improving productivity within the risk department and across the whole organisation, says Westphal.

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