WestLB AG Goes Live on Asset Control’s Data Management Software

German bank adds AC Plus data management solution to its other systems.

WestLB AG, a European commercial bank with headquarters in North Rhine-Westphalia, Germany, has implemented Asset Control's AC Plus financial and reference data management software. AC Plus supports the bank's back-office operations and day-to-day user requirements across its businesses worldwide. Asset Control provides financial data management solutions worldwide.

WestLB required a solution that would enhance data quality and breadth of instrument coverage. Asset Control's AC Plus consolidates multiple securities data sources, enriches the data, distributes automatically-cleansed data to back-office and financial systems, and gives users web-based access to quality data from a single source. AC Plus also provides WestLB with the ability to quickly add data feeds to its static data stream.