KBC Group Selects Ness Technologies to Standardize Reference Data

KBC Group NV, an international financial group with headquarters in Brussels, has selected the Ness Financial Data Enterprise(TM) solution as its consolidated data management platform in a large multi-year agreement, according to Ness Technologies, a provider of information technology services and solutions. Through a combination of Ness' proprietary software and services, Ness Technologies will provide KBC Group with an end-to-end data management solution ensuring that the data-driving processes such as performance attributions, risk analysis, pricing, research, fund accounting and customer servicing is clean, complete and consistent across KBC group companies. "We are always looking for ways to serve our customers better and we chose to work with Ness because their offering is robust, comprehensive, and has a proven track record," said Eli De Mil, general manager ICT, in a press release. Geert Fransen, procurement officer Market Data Services, KBC Group added, "The Ness solution will bring tremendous benefits - allowing us to work more effectively within a multi-source environment to better manage reference data. We see this as a scalable platform that can grow along with our future needs and dovetail with plans to centralize data across group companies."