Allianz Reaches Close to 100% STP Rate with In-House Build
VIENNA - Allianz Investment Bank in Vienna has achieved a straight-through processing rate of almost 100%, after continued focus on automation and development of its internally built banking application with one central database of reference data, which covers the entire transaction lifecycle, said a speaker at the Marcus Evans Reference Data in Banking event in London in February.
Allianz, which has EUR10 billion in assets under management and around 7,000 active financial instruments, started
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