Tuesday 15.11.2005 10:50 pm
Commerzbank Employs New Advisor Solution By IS.Teledata
About 10,000 employees use financial information system "Infobroker"
FRANKFURT - Since July 2005, Commerzbank AG has successfully been using the new financial information system "Infobroker". The software was developed by IS.Teledata to specifically meet strategic and content demands of Commerzbank. The objective was to combine current financial market information, customer data and the bank's internal information in a single application. The available information has been structured to suit financial advisors and sales professionals. "Infobroker" accompanies all aspects of the advising process, up to printing the legally required information materials. The application offers current quotes and fundamental data about stocks, bonds, commodities, currencies, funds, certificates, warrants, options and futures as well as news. The bank's internal recommendations, sales prospectuses of products, estimated earnings and analysis functions are also included. Currently, a total of about 10,000 employees of Commerzbank use the application, especially in the private customers sector. The bank's customers can access parts of "Infobroker" in the online portal www.commerzbanking.de. Commerzbank customers thus benefit from more comprehensive advice and more qualified investment decisions. IS.Teledata operates the web-based application for Commerzbank as Managed Solution.
Easy to use multi-client application
A special feature of "Infobroker" is its clear, intuitive user interface. Comprehensive full-text search functions and the context-sensitive display of information make the application easy to use. "Infobroker" is a web-based software which every entitled user can run using an Internet browser. With its full multi-client capability, the system controls data and functions as well as billing for each user individually. Commerzbank can thus save costs and increase its efficiency. IS.Teledata's market data platform also supplies other Commerzbank applications with current quote data. IS.Teledata offers information from a wide range of market data vendors, so Commerzbank can select data suppliers as required.
Dr. Jörg Brock, head of investment strategy and product development private clients at Commerzbank, says: "We wanted to create a financial information system which is beyond compare in the German market, in terms of available information and ease of use. The reactions of our advisors, but especially of our customers, proved that we have succeeded."
Stephan Wolf, Spokesman of the Executive Board of IS.Teledata, comments: "We are convinced that we successfully implemented our approach to customise financial market information systems individually according to the client's demands in 'Infobroker' and to support Commerzbank in achieving its business objectives."
Commerzbank AG
With a consolidated balance-sheet total of more than €420bn, Commerzbank is Germany's third-largest private-sector bank and one of Europe's leading financial institutions. Its 33,000 employees, 7,400 of whom work outside Germany, look after almost 8 million customers. Apart from the parent bank, Commerzbank AG, the Group consists of numerous subsidiaries in Germany and abroad. Commerzbank sees itself as an efficient provider of financial services for sophisticated private customers in Germany and also as a creative relationship bank for successful German Mittelstand firms, for major corporates and institutions in Europe, and for multinational companies throughout the world. Commerzbank intends to expand its market shares in these core target groups. Above all, it intends to become the number one address for Germany's Mittelstand. In regional terms, Commerzbank concentrates on Germany, where as an integrated provider of financial services it maintains a nationwide branch network for advising customers and distributing products. In corporate business, it also looks upon Western, Central and Eastern Europe as its core markets. In Asia and the USA, the bank is active in the leading commercial centres.
IS.Teledata AG
IS.Teledata is Europe's largest managed solutions provider of customisable financial market information systems. About 200 retail banks, private banks, investment banks, issuers, asset managers, online brokers and media portals optimise business processes and costs using tailored content and interactive analysis of financial market data. IS.Teledata aggregates data from all asset classes and in-house content and integrates them into modular Internet and intranet applications and terminal solutions. Employees and customers of financial service providers thus benefit from relevant information and specific functionality in easy-to-use interfaces. IS.Teledata AG has 250 corporate employees in seven European countries. Revenues in 2004 were 35.7 million Euro.
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