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Technology / AI and automation

MCDONNELL DOUGLAS SIGNS MARKETING AGREEMENT WITH IBT

McDonnell Douglas Information Systems Ltd of Hemel Hempstead, Hertfordshire, has signed an exclusive marketing agreement with IBT Consultants (UK) Ltd to distribute IBT’s International Bank & Trust system in the UK and Republic of Ireland: the multi currency system is written in McDonnell Douglas fourth generation language, PRO-IV, and it is transportable across IBM and DEC environments; the system has facilities for management of retail banking and portfolio services, and provides general led-ger accounting and treasury operations; it is to supply London-based Bank Mees & Hope NV with the system, which has a central information file to hold static data such as the customer database, credit limits and standard instructions; additional modules have been installed to provide credit, loan, money transfer, and balance sheet analysis; the money transfer module incorporates a link for automatic transaction processing, and a foreign exchange application will provide facilities for administration of Forward Exchange Agreements.

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