Asset Control, a provider of financial data management solutions, has launched PaSSPort, a managed data service solution for financial services firms.
PaSSPort is based on Asset Control’s AC PaSS solution. PaSSPort is targeted at businesses that need managed services and are looking for a simpler, lower-cost data repository with one or more maintained interfaces to data vendors, an industry standard model, management of request lists to optimise data sourcing and distribution to downstream consuming applications.
“Our AC PaSS solution has been in great demand since we launched it last year,” says Mark Hepsworth, CEO, Asset Control. “Firms face an escalating list of new data management requirements, driven by regulatory change and business needs.
“AC PaSS enables them to reduce the impact of this change while streamlining their operations and optimising data costs by reducing duplicate requests. PaSSPort provides similar benefits for clients who want to work on a use case or project basis and can be used for infrastructure augmentation rather than replacement.”
PaSSPort also includes a REST API and web interface for browsing and self-service data discovery as well as a dashboard on the data sourcing and supply process.
“The key is agility,” adds Hepsworth. “PaSSPort can be onboarded quickly by clients. It optimises data sourcing, transparently shows the status of data preparation and integrates with business workflows.”
