Deutsche Postbank Selects Asset Control for Market Data Management



    NEW YORK, Sept. 30 /CNW/ - Asset Control, a world-wide leader in
financial data management solutions, today announced that Germany's largest
retail bank Postbank has chosen Asset Control's AC Plus financial and
reference data management software.
    Postbank will use Asset Control to provide quality controlled pricing
data to the bank's risk control department and support its Internal VaR (Value
at Risk) Model for market risk. Postbank required a solution that could be
implemented to meet its time-to-market objectives, while requiring only
minimum IT resources in the day-to-day management of the system.
    Dr. Guenter Fiebach, head of risk control at Postbank, said, "We chose
Asset Control because the solution's template-driven infrastructure will
ensure a simpler initial implementation and allow us to meet our required
timelines. The solution also provides a sophisticated workflow that will
enable us to automate our data management processes ourselves over time. In
addition, Asset Control has a strong, recognized customer base in Germany, and
therefore has a unique understanding of the local financial and regulatory
environment."
    Phil Lynch, Asset Control's president and chief executive officer, said,
"Asset Control's strong presence in the German financial markets and proven
record for reliability and resilience of our solutions will benefit Postbank
today and in the future as their data management needs evolve. We are
delighted that Postbank has chosen Asset Control, and we look forward to
helping them to achieve enhanced growth and success."

    About Postbank

    With 14.2 million active domestic customers, approximately 21,000
employees and total assets of EUR229 billion, Deutsche Postbank Group is one
of Germany's major financial services providers. Its focus is on retail
business with private customers. It is also active in the corporate banking
sector. In its "Transaction Banking" division, it performs back office
services for other financial services providers. For more information, visit
http://www.postbank.com.

    About Asset Control

    Asset Control provides centralized data management solutions for
financial institutions worldwide. From business-entity to firm-wide projects,
Asset Control offers a strategic reference and market data platform that
delivers the accuracy, consistency and relevancy firms need to reduce costs
and risk, manage evolving compliance needs, and accelerate the delivery of new
products and services. A Fidelity Ventures company, Asset Control serves some
of the world's most successful financial institutions including Barclays
Global Investors, Wachovia Corporation, JP Morgan Chase, LCH.Clearnet, 
E(*)TRADE Securities and Grupo Santander. For more information, visit
http://www.asset-control.com.

    Trademark Information: Asset Control, the Asset Control logo and AC Plus
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.





For further information:

For further information: Press Contact: Deborah Overdeput, VP, Marketing
& Product Management, Asset Control, (212) 445-1076,
doverdeput@asset-control.com

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