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Asset Control releases low-cost data service PaSSPort

Mark Hepsworth, CEO of Asset Control

Mark Hepsworth, CEO of Asset Control

London-based data solutions provider Asset Control has unveiled PaSSPort, a new managed data service solution for financial services firms looking for simpler, use case-based managed services.

PaSSPort is based on the year-old AC PaSS solution, which is a more comprehensive option. However, PaSSPort is targeted at businesses that are looking for a simpler, lower-cost approach, based on specific use cases.

Commenting on the launch, Mark Hepsworth, CEO of Asset Control, said the AC PaSS solution has been in great demand over the past year. The company focuses on user enablement and helping clients simplify complexity.

Asset Control aims to ensure that users across the buy and sell-side make the most of their data assets by providing easy data integration, data cleansing, distribution and data discovery solutions.

“Firms face an escalating list of new data management requirements, driven by regulatory change and business needs,” Hepsworth noted. “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.”

Asset Control also revealed that PaSSPort includes a REST API, as well as a web interface for browsing and self-service data discovery. It also contains a dashboard on the data sourcing and supply process, so users can answer the ‘where is my data’ question.

“The key is agility,” Hepsworth noted. “PaSSPort can be on-boarded quickly by clients. It optimises data sourcing, transparently shows the status of data preparation and integrates with business workflows.”

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