BNP Paribas Selects Asset Control for Centralised Securities Reference Data

BNP Paribas Securities Services has chosen Asset Control, a financial data management solutions firm, to provide a centralised data management platform for ‘golden copy’ securities reference data. Using AC Plus, BNP Paribas Securities Services will be able to source, store and process a wide range of securities instrument data and quickly bring on new data sources to meet evolving business and customer requirements.

Phil Lynch, Asset Control’s president and chief executive officer (CEO), said: “Global service providers are under more pressure than ever to control operating costs while delivering added value to their customers. We’re extremely pleased that BNP Paribas has chosen Asset Control’s AC Plus to provide a configurable, scalable securities data infrastructure that will help them to accelerate time to market, enhance customer service and support growth while reducing costs.”