New York, NY (PRWEB) June 03, 2011
Asset Control, the world-wide leader in financial data management solutions, has been voted “Best Enterprise Data Management Vendor” by readers of Inside Reference Data. This is the fourth year in a row that Asset Control has received this award.
In addition, Toronto-based Scotiabank won the “Best Reference Data Initiative (User)” ‘call-for-entry’ category for the use of Asset Control for its centralized security master project. Scotiabank uses Asset Control’s AC Plus to centralize security master and end of day pricing data content to support core business applications, capturing North American and Latin American equities data from multiple sources.
The Inside Reference Data award recognizes industry excellence in market data, reference data and enterprise data management technology. The award celebrates the outstanding companies, people and products of the past year and provides recognition of their accomplishments. The vendor awards rate the performance of data providers across twenty categories, in which voting took place online by qualified buy-side and sell-side industry professionals. Finalists in each vendor category were determined by majority vote. The ‘call-for-entry’ categories are judged by a panel of experts.
Tine Thoresen, editor of Inside Reference Data, said, “Our readers voted for Asset Control as Best Enterprise Data Management Vendor for the fourth consecutive year, reflecting the vendor's strong position in the data management market and their ability to help firms improve data quality and control.”
Phil Lynch, president and chief executive officer at Asset Control, said, “Asset Controls leadership is receiving continued recognition from across the industry, the result of a tailored solutions based approach and a sharp focus on data performance, integration and cost efficiency. At Asset Control, we view data management in terms of the outcome rather than the process – a perspective that helps customers such as Scotiabank gain an edge in leveraging accurate, accessible and actionable data to meet the needs of their rapidly changing investment strategies.”
“We’re very pleased with the results that we’ve achieved using Asset Control’s security master data management platform,” said Rob Ord, director and head of data management, Scotiabank. “We are able to easily and effectively leverage the same data across different departments, react quickly to business demand for data, and better identify and eliminate inefficiencies.”
About Asset Control
Asset Control offers a combination of proven technology and expert knowledge to ensure that financial organizations have the accurate, accessible and actionable data that is necessary to drive their business. Asset Control has been providing data management solutions to leading financial institutions for more than 21 years. It helps companies define their data management processes and then provides flexible, easily-integrated solutions that feed accurate, accessible and actionable data to its customers’ downstream systems, including risk management, compliance, trading, modelling, order management, accounting and audit. Asset Control’s solutions are completely data neutral, and aggregate data from all of a customer’s chosen sources. Its tailored products serve leading companies across the financial services industry, and the company is strongly focused on delivering solutions that meet customer expectations. For more information, visit http://www.asset-control.com.
Trademark Information: Asset Control and the Asset Control logo are trademarks or registered trademarks of Asset Control Systems, Inc. or its subsidiaries or affiliates in the U.S. and/or other countries. All other trade names are trademarks or registered trademarks of their respective holders.