Commerzbank goes live with IS Teledata's InfoBroker
15 November 2005 | 1788 views | 0
Source: IS Teledata
Since July 2005, Commerzbank AG has successfully been using the new financial information system Infobroker.
The software was developed by IS.Teledata to specifically meet strategic and content demands of Commerzbank. The objective was to combine current financial market information, customer data and the bank's internal information in a single application.
The available information has been structured to suit financial advisors and sales professionals. Infobroker accompanies all aspects of the advising process, up to printing the legally required information materials. The application offers current quotes and fundamental data about stocks, bonds, commodities, currencies, funds, certificates, warrants, options and futures as well as news. The bank's internal recommendations, sales prospectuses of products, estimated earnings and analysis functions are also included.
Currently, a total of about 10,000 employees of Commerzbank use the application, especially in the private customers sector. The bank's customers can access parts of Infobroker in the online portal at commerzbanking.de. Commerzbank customers thus benefit from more comprehensive advice and more qualified investment decisions. IS.Teledata operates the web-based application for Commerzbank as Managed Solution.
A special feature of Infobroker is its clear, intuitive user interface. Comprehensive full-text search functions and the context-sensitive display of information make the application easy to use. Infobroker is a web-based software which every entitled user can run using an Internet browser. With its full multi-client capability, the system controls data and functions as well as billing for each user individually. Commerzbank can thus save costs and increase its efficiency. IS.Teledata's market data platform also supplies other Commerzbank applications with current quote data. IS.Teledata offers information from a wide range of market data vendors, so Commerzbank can select data suppliers as required.
Dr. Jörg Brock, head of investment strategy and product development private clients at Commerzbank, says: "We wanted to create a financial information system which is beyond compare in the German market, in terms of available information and ease of use. The reactions of our advisors, but especially of our customers, proved that we have succeeded."
Stephan Wolf, Spokesman of the Executive Board of IS.Teledata, comments: "We are convinced that we successfully implemented our approach to customise financial market information systems individually according to the client's demands in Infobroker and to support Commerzbank in achieving its business objectives."