Israel Discount Bank of New York selects ABS' NT-based SPAR solution to automate global custody operations - ABS provides Israel Discount Bank of New York (IDB) with a scaleable, flexible and cost-effective solution.

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M2 PRESSWIRE-6 June 2000-ABS: Israel Discount Bank of New York selects ABS' NT-based SPAR solution to automate global custody operations - ABS provides Israel Discount Bank of New York (IDB) with a scaleable, flexible and cost-effective solution (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:06062000 London -- Advanced Banking Solutions Limited (ABS), a leading provider of middle and back office applications, today announced that Israel Discount Bank of New York (IDB), a market leader in domestic and international banking services, has selected SPAR (Securities Processing Accounting and Reporting) to automate its global custody operations.

Implementing SPAR will integrate all custody-related functions and increase operational efficiency within the...