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Erste Group Bank to implement Asset Control’s AC Plus

Austria’s Erste Group Bank has decided to deploy Asset Control’s AC Plus enterprise data management technology, in a bid to support growth and enhance operations.

The system will be used at its headquarter in Vienne for the acquisition, cleansing, validation and distribution of all its market data, time-series and reference data in its treasury operations.

Selected following an extensive evaluation, the new technology will enable the lender to optimize its data management and realize significant operational efficiencies and ensure its market data quality while positioning itself for further growth of its banking network.

Asset Control EMEA sales director Mark Johnson said, "The proven ability of the AC Plus platform to rapidly create and maintain accurate and actionable data will support Erste Group Bank AG’s business expansion in a complex and fast-evolving banking environment."

Asset Control provides time tested technology to financial organizations to ensure that the accurate, accessible and actionable data should be available that is necessary to boost their business.

Established in 1819, Erste Group Bank serves private individuals, and offers advisory services and support for corporate clients in financing, investment and access to international capital markets.