Asset Control launches Basel II and KYC system; adds workflow feature to AC Plus

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Asset Control, a leading provider of investment data integration solutions to the financial industry, today introduced AC Company Master, the newest entry into the Asset Control suite of business solutions. AC Company Master integrates counterparty and ratings data from vendor sources and internal systems to provide comprehensive views of counterparties, as well as supporting management of credit ratings and limits.

AC Company Master is being demonstrated now at the SIA Technology Management Conference, June 8-10, at the Hilton New York in Asset Control's booth #4114.

"With increasing demands for granular detail and transparency of data used to measure and report credit risk and operational risk, there is a clear need for a tool to gather and integrate customer data that is typically dispersed throughout a financial institution," notes Ger Rosenkamp, CEO of Asset Control. "AC Company Master applies proven AC Plus data integration technology to this challenge, and delivers a new standard of control, quality and accessibility to entity data and ratings information."

With the support of Asset Control customers, a counterparty data model extension will gather, cleanse and integrate data from internal systems and vendor sources, creating a "golden copy" version that provides consistent values to downstream systems and research areas. User-friendly GUIs provide single-customer views with all subsidiaries so that the complete exposure can be recognized.

Profiling functionality provides the ability to view historical snapshots of the data. The system scales up easily to manage the significant volume, five to seven years of historical default data, required for compliance with Basel 2 internal ratings-based measurements. Pre-built interfaces will speed the implementation of major vendor feeds.

Like all AC Plus business solutions, AC Company Master is naturally extensible to other categories of investment data. In particular, the integration of AC Company Master with the AC Security Master data model provides an integrated view of counterparties and related instruments to support development of proprietary limits structures.

Separately, Asset Control, a leading provider of investment data integration solutions to the financial industry, today announced that sophisticated workflow management is now available in all AC Plus data management solutions. The workflow manages and monitors business processes associated with data gathering, cleansing and oversight of data life cycles for data categories, such as corporate actions, which incorporate time schedules and deadlines.

"The Asset Control brand has always been synonymous with reduced overhead and increased efficiency of investment data management. With the addition of workflow, we offer a major step forward in the management of the most troublesome aspect of quality control, the points of human intervention," says Ger Rosenkamp, CEO of Asset Control. "Our workflow functionality operates as an automated task manager distributing work to expert resources, monitoring workload and eliminating bottlenecks, and providing oversight in granular detail of any point of data, as composite data objects such as corporate actions, instruments or counterparties."

The new AC Plus workflow functionality is being demonstrated now with the AC Corporate Actions business solution at the SIA Technology Management Conference, June 8-10, at the Hilton New York in Asset Control's booth #4114.

Features of the AC Plus workflow includes the following:
  • Rules-driven workflow for all investment data categories, including corporate actions, which enables users to model relationships among issues, listings, corporate actions and other data elements
  • Robust graphical environment for viewing status and flow of data management activities
  • Notification assignments and alarms reporting
  • Exception handling and supervisory approvals process
  • Service Level Agreement monitoring
  • Life cycle monitoring and calendar forecasting

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