Asset Control, a leading provider of financial data management solutions, is proud to announce that it has been selected by The World Bank Group.
AC Plus will power the World Bank Group’s Market Data Review solution, for creating and storing a “Golden Copy” of market data.
The World Bank Group, which is a vital source of financial and technical assistance to developing countries around the world, and has more than 10,000 employees in more than 120 offices worldwide, chose the solution in order to replace a legacy internal system, increase performance, and improve the quality of its market data.
Robert O’Boyle, Managing Director – Americas for Asset Control, comments:
“As a global institution, and to help support their vision to reduce poverty, promote economic growth and build prosperity across the globe, it is critical that The World Bank operates as efficiently and transparently as possible – both from a philosophical and business perspective.”
“Asset Control was selected after an extensive RFP and competitive process as it was a solution that could satisfy the World Bank Group’s demanding requirements – which was for a highly reliable and scalable market data management platform.”
Asset Control’s AC Plus helps financial services companies control the tremendous volume of data flowing through their organizations. Its comprehensive data integration, enrichment and cleansing capabilities provide high quality, consistent reference and pricing data for cross-asset strategies, compliance, regulatory reporting and risk.
AC Plus’ customizable data enrichment and workflow rules support efficient exception-handling while giving the transparency business users demand. Its flexible connectivity allows for integration with other decision support tools, and it is ideally suited to organizations seeking to provide a centralized data management service.