Asset Control, a world-wide leader in financial data management solutions, today announced that eSecLending, a leading full-service securities lending agent, has chosen Asset Control's AC Plus financial and reference data management software following a rigorous search and selection process.
eSecLending will use AC Plus to support the company's efforts to further increase automation in their securities lending programs which rely on complete and accurate securities data including ratings, end of day prices and corporate actions. AC Plus will help eSecLending in cleansing data and managing exceptions, while supporting increasing volumes and breadth of data.
Daniel Fowler, chief information officer at eSecLending, said, "We chose Asset Control's AC Plus for its ability to handle large volumes of all asset classes. The flexible data model will allow us to continue to grow our business while achieving greater efficiencies and scalability. AC Plus' cleansing and exception process, through its intuitive desktop interface, will allow us to significantly reduce manual processing and ensure that quality data is available quickly to lenders and borrowers."
Phil Lynch, Asset Control's president and chief executive officer, said, "In the rapidly growing securities lending business, the ability to efficiently support high volume lending and borrowing with quality data is a crucial imperative. Asset Control's AC Plus provides the right data management tools to help industry innovators such as eSecLending to gain efficiencies, improve data quality and enhance service, with room to scale and expand as their business needs change."