eSecLending, a full-service securities lending agent, has chosen Asset Controls AC Plus financial and reference data management software.
eSecLending will use AC Plus to support the companys efforts to further increase automation in their securities lending programs which rely on complete and accurate securities data including ratings, end of day prices and corporate actions. AC Plus will help eSecLending in cleansing data and managing exceptions, while supporting increasing volumes and breadth of data.
“We chose Asset Controls AC Plus for its ability to handle large volumes of all asset classes,” says Daniel Fowler, chief information officer at eSecLending. “The flexible data model will allow us to continue to grow our business while achieving greater efficiencies and scalability. AC Plus cleansing and exception process, through its intuitive desktop interface, will allow us to significantly reduce manual processing and ensure that quality data is available quickly to lenders and borrowers.”
“In the rapidly growing securities lending business, the ability to efficiently support high volume lending and borrowing with quality data is a crucial imperative,” says Phil Lynch, Asset Controls president and chief executive officer. “Asset Controls AC Plus provides the right data management tools to help industry innovators such as eSecLending to gain efficiencies, improve data quality and enhance service, with room to scale and expand as their business needs change.”
D.C.