As an international institution with a broad spectrum of investment-related operations, BBVA required a data integration platform that would deliver a high-quality consolidation of vendor feeds, as well as normalizing internal data from various business areas and applications. Asset Control addressed those challenges with a solution that allows BBVA to extend its planning well beyond the initial scope of the project.
The first phase of the risk management project is scheduled for completion this month. Geographic rollout will begin in Spain, and extend to Europe and then Latin America.
"BBVA is our first customer headquartered in Spain, and we are pleased that Asset Control could meet their rigorous requirements for quality management and adaptability to a variety of data sources," said Ger Rosenkamp, CEO of Asset Control. "We think it is significant that BBVA, like other new customers, plans to progressively leverage a risk project into an enterprise data quality control initiative. This reflects the rising industry awareness that centralized data control is critical to meeting to many business challenges."