DAB Bank adopts Push tools for real-time streaming to mobiles
Germany’s DAB bank has chosen a new data distribution tool called Diffusion from vendor Push Technology, which it says will help it to deliver real time data to customers.
DAB Bank is an internet bank and direct broker. Founded in 1994 and based in Munich, the bank calls itself Germany’s first discount broker. The bank targets its services at savers, investors and traders, but it also works with asset managers and savings and loans institutions.
Under the deal with Push, DAB will use Diffusion to deliver real time market data to its 500,000 customers. The data will enable users to view live stock exchange, order status and price data on their desktops and mobile devices, regardless of the type of device or operating system or mobile network.
Diffusion is designed to stream real-time, dynamic content over the internet to any device, inlcding mobiles and tablets. It uses a bi-directional communication infrastructure to enable a responsive customer experience.
the Diffusion server -is a 100% Java, high performance message broker and data distribution engine with support for multiple protocols
Previously, DAB was using various different mobile apps for iPhone, iPad and Android, which will all be replaced by the new system in a single app. The bank was previously not able to offer real time data for most of its data sources. DAB has also said the new app will help it to add new data sources quickly without the need for programming new interfaces.
“For our customers, being 100% up to date with the latest market data to the millisecond is key,” said project manager Philipp Roeben, IT Manager at DAB Bank. “Our customers want to keep an eye on the latest market data no matter where they are, so offering easy access to real-time data on both mobile and desktop platforms is crucial. Selecting the market-leading platform is a long-term strategy for us as it not only simplifies our IT structure but will also support the additional products and services that we are planning to develop in the future.”
DAB Bank is planning to start using the Diffusion platform in the fourth quarter of 2013 and make live data available to its customers from early 2014.