Asset Control, a provider of Centralised Data Management (CDM) applications to the financial industry, says that Paris-based Calyon Corporate and Investment Bank has selected Asset Control’s flagship product, AC Plus, as their centralised data management platform for reference data, corporate actions and pricing data across its financial and commodities markets.
“In an extensive vendor comparison, part of our criteria for selecting a data management solution was to find a vendor that could offer a flexible, robust solution capable of centralising Calyon’s data for the risk, middle and back office, globally across all departments, to underpin our critical business applications,” says Louis Trhondart, the MD of Calyon. “Following a thorough analysis of the marketplace, we found that Asset Control’s AC Plus was a cost effective solution to deploy, offering improved business benefits and value, both short and long term.”
“Planning to centralise data management globally, across multiple business lines is a significant undertaking,” adds Ger Rosenkamp, the CEO of Asset Control. “Key in these decisions is having the confidence in the capabilities of the chosen technology and the solution’s ability to provide quality data management. We are pleased to have proven our world-class off-the-shelf solution and our years of expertise to such a prestigious firm as Calyon and are delighted to have them join our family of clients.”