Germany's Postbank is rolling out Asset Control's AC Plus financial and reference data management software.
The bank will use the technology to provide quality controlled pricing data to its risk control department and support its internal VaR model for market risk.
The vendor says Postbank chose its software because it needed a system that could be implemented quickly and would need minimum IT resources for day-to-day management.
Guenter Fiebach, head of risk control, Postbank, says the software "provides a sophisticated workflow that will enable us to automate our data management processes ourselves over time".
"In addition, Asset Control has a strong, recognised customer base in Germany, and therefore has a unique understanding of the local financial and regulatory environment," he adds.