DAB Bank selects Push Diffusion for real-time market data distribution

Source: Push Technology

German Internet bank and direct broker DAB Bank AG has chosen Push Technology's high-performance, scalable and real-time data distribution solution, Diffusion, as the new platform for delivering real-time market data to its 500,000 customers.

DAB Bank's customers will be able to view live stock exchange, order status and price data on their desktops and mobile devices, using the bank's website or a dedicated mobile app, without having to refresh their browser.

The bank selected Diffusion for its robust mobile data delivery, intelligent architecture, performance and scalability after reviewing a number of data distribution solutions.

The platform will allow the bank to combine and distribute real time data from a variety of heterogeneous data sources and providers to any number of end devices, regardless of the device type, operating system or mobile network. The bank's existing mobile apps for iPhone, iPad and Android devices will be replaced by one single app, which will service all mobile platforms. Data will be dynamically updated on the end device as it changes, a service DAB Bank was previously only able to provide for a fraction of its data sources. In addition, the bank will add new data sources quickly and easily without the need for programming new interfaces, enabling entirely new applications and services.

"For our customers, being 100 per cent up to date with the latest market data to the millisecond is key," explains project manager Philipp Roeben, IT Manager at DAB Bank. "Our customers want to keep an eye on the latest market data no matter where they are, so offering easy access to real-time data on both mobile and desktop platforms is crucial. Selecting the market-leading platform is a long-term strategy for us as it not only simplifies our IT structure but will also support the additional products and services that we are planning to develop in the future."

DAB Bank is planning to start implementation of the Diffusion platform in the fourth quarter of 2013 and make live data available to its customers from early 2014.

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