FHLBank Atlanta installs Ascential data integration technology

Source: Ascential Software Corporation

Ascential Software Corporation (Nasdaq: ASCL), the enterprise data integration leader, today announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has deployed the Ascential Enterprise Integration Suite to make more accurate, informed operational decisions based on real-time financial data, while adhering to strict regulatory guidelines and mandates.

FHLBank Atlanta is using the Ascential Enterprise Integration Suite to quickly profile, cleanse, transform and move transactional data from disparate banking applications throughout the enterprise to critical reporting systems.

"We must be confident that financial data is completely accurate and easy to understand in order to provide the best possible value to our customers and member financial institutions," said Marian Lucia, executive vice president and chief information officer, FHLBank Atlanta. "The Ascential Software data integration solution enables us to set a high standard for data quality, for both our internal and external reporting. Whether we are preparing financial reports for our executives or for Sarbanes-Oxley compliance, the solution offers the scalability and ease of use that is at the center of our enterprise-wide initiatives. The data integration solution from Ascential Software is a core element of our IT strategy which supports our business strategy."

FHLBank Atlanta, one of 12 banks in the Federal Home Loan Bank System, sought a fast and accurate way to present shared reports of transactional and operational data so methodology and terminology unique to specific operations could be combined and presented in a clear and uniform fashion. FHLBank Atlanta chose an Ascential Software solution to create dynamic reports that reflect a single version of the bank's data. Ascential Software's on-demand data integration solution allows decision-makers at FHLBank Atlanta to quickly process strategic findings in a common language and format.

"Premier financial services providers like FHLBank Atlanta recognize the need for a robust IT infrastructure that will give them confidence and a basis for certainty when reviewing financial transaction data," said Thracy Varvoglis, executive director of industry solutions at Ascential Software. "With Ascential Software, FHLBank Atlanta is building the systems that allow rapid data integration. By providing its key decision-makers with timely reports on financial transactions, FHLBank Atlanta is poised to provide great service to its customers while managing risk and compliance matters."

The Ascential Enterprise Integration Suite is a comprehensive data integration solution that profiles, cleanses, and transforms data from virtually any application or system regardless of data volume or latency. Ascential Software's integrated offering is designed to help companies streamline operations, improve customer support, expedite business transactions, and make better tactical and strategic decisions on the basis of the best available information. The Suite provides unlimited scalability through parallel processing, complete meta data management, any-to-any data source and application connectivity, and delivers on-demand data integration seamlessly within an enterprise's service-oriented architecture.

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