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LBBW Chooses Xenomorph for Data Management in Risk Control

Published 24 November 2009 | By Xenomorph

5 August 2009 - Landesbank Baden-Württemberg (LBBW) has selected Xenomorph's TimeScape data management system for use within its group risk control department. TimeScape was chosen to meet LBBW's need for greater data transparency, higher data quality and faster access to ever-increasing volumes

5 August 2009 - Landesbank Baden-Württemberg (LBBW) has selected Xenomorph's TimeScape data management system for use within its group risk control department. TimeScape was chosen to meet LBBW's need for greater data transparency, higher data quality and faster access to ever-increasing volumes of market data.

"We had a requirement for a data management system that would give us much greater data transparency across the different departments," said Peter Westphal, project manager from the risk control team at LBBW. "TimeScape meets these demands – increasing our capacity to centralise, store and consolidate multiple data sources, as well as increasing the speed with which this data can be analysed. The risk control team has the flexibility to create bespoke validation tests quickly. This delivers increased productivity not only within the risk department but across the whole organisation, as data is being published to lots of other departments too."

TimeScape offers an added dimension to data management as it is able to directly support unstructured data such as spreadsheet-like calculations in addition to supporting new and complex derivative data structures with ease.

"We are delighted that TimeScape has been chosen by LBBW – their choice validates our aim to develop a data management system that supports large volume, highly complex data in an easy-to-use and transparent manner" said Brian Sentance, CEO of Xenomorph. He added: "Data transparency is a large but underrated issue within data management, and TimeScape makes data and analysis available to both non-technical and technical users alike, increasing productivity across the enterprise."