Commerzbank IT Worlds Growing Together
One IT area particularly crucial to the banking industry is the central system for collecting and distributing market data relating to derivative financial instruments. As part of the integration project, Commerzbank faced the task of unifying two "Worlds," each with very different process flows, contents, and database systems. It needed to harmonize evaluation, backup, and reporting functions that were incredibly varied. Following a multi-phased selection procedure, TCS was awarded the project. TCS' hands-on experience with "Asset Control+" investment-data software. A core focus of TCS was to support the maintenance and further development of the application itself, as well as test phases. Since the service landscape at Commerzbank has almost doubled within a year, new discussions with TCS about extensive collaboration are ongoing.