Deutsche Postbank Selects Asset Control for Market Data Management


NEW YORK, September 30 /PRNewswire/ --     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.

© PR Newswire Association LLC.

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