Financial Services Industry
Industry: Email Alert RSS FeedIslandsbanki sticks with CBA software for Luxembourg office.
Financial News, August, 2003
Byline: David Bannister
Icelandic private bank Islandsbanki is installing systems from Commercial Banking Applications, the UK financial software house, at its new offices in Luxembourg.The Luxembourg branch will be connected to the bank's main system in Reykjavik for its primary processing and is installing a number of modules from Commercial's international banking product range. Islandsbanki has been a user of Commercial software for the past 11 years.
The new installation includes an interface to the Kondor risk management system from Reuters, foreign exchange & money market systems, loan administration, payment and settlement and general ledger applications.
Installation of the systems is scheduled to start this month, with the branch...
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