Source: Asset Control
Asset Control, provider of financial data management solutions and services, today announced that Itaú Unibanco, the largest privately owned Latin American bank, has been in production with AC Plus, Asset Control’s flagship solution for over a year.
Since the commencement of the project, Itaú Unibanco has automated its data collection processes, and improved the quality of its reference and pricing data. The implementation of AC Plus has also helped with the standardization of the bank’s financial data management, has increased operational efficiency, and has allowed the bank to run its risk calculations faster, with more confidence to meet the region’s stringent regulatory compliance requirements.
Matias Granata, Market Risk and Liquidity Director at Itaú Unibanco comments:
“After a long software selection process, Asset Control was the only vendor able to offer a high quality product combined with a competitive fixed cost delivery structure.”
“The product has adapted easily to local idiosyncrasies and was able to handle all tropicalization challenges. The transformational nature of the project within the group has been very material, directly impacting data capture, collection, storage and curve building processes, while indirectly reshaping the whole Market Risk process.”
Richard Petti, CEO for Asset Control, comments:
“We are delighted that Itaú Unibanco has chosen Asset Control AC Plus to implement a world class data management solution to increase operational efficiency, add transparency across their organization, and place themselves as an innovator and market leader in its control over risk and regulation.”