Asset Control, the leading provider of financial data management solutions, is proud to be included in the Chartis RiskTech100, the globally recognised, definitive list of the top providers in the risk technology space.
Financial institutions face increasing demands on their data infrastructure, not only through growing data volumes but also through regulatory demands including additional reporting and requirements for data lineage, audit and bi-temporality capabilities. Asset Control’s data integration, validation logic and standard data model aggregates siloed data sources, provides timely availability of quality data to business users and helps firms address the requirements of regulatory frameworks such as FRTB, TRIM, MiFID II and BCBS 239.
Rob Stubbs, Head of Research at Chartis, said: “Asset Control’s inclusion in the 2019 listings reflects the company’s continued work to bring greater control and visibility to the management of critical data for risk and compliance.”
Mark Hepsworth, CEO Asset Control, said: “We are delighted to be included in the Chartis RiskTech100â for the fourth year running. Helping clients with risk data management is one of our largest use cases and it is great to see this recognition.”
Asset Control recently signed several new customers including a global bank and a large central bank and regulator. Their use cases include Asset Control’s market data management and operational improvements but also address business user enablement through better access to quality data in Independent Price Verification (IPV) and economic research.
Mark Hepsworth added: “On top of these new client wins, we are currently rolling out our recently launched ACX business user enablement and data exploration module to two foundation customers which is a big push into new and open source technologies for us. Many firms find that internally developed warehousing and distribution solutions can no longer address the new volumes and demands of FRTB and need better scalability and data transfer capabilities.”
The news of the listing comes several months into the firm’s new ownership under UK-based private equity firm Sovereign Capital Partners. In addition to investment, Sovereign has also leveraged its experience in the financial services and technology sectors to support Asset Control’s continued momentum into 2019.