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July 4, 1990

MCDONNELL’S COMMERZBANK PACT

By CBR Staff Writer

McDonnell Douglas Information Systems has won a contract from the German Commerzbank Group, estimated to be worth $30m over the next three years. The new banking system is based on McDonnell Douglas’ Integrated Banking System and runs on DEC VAXs. McDonnell Douglas says that the contract complements a co-operative marketing programme signed with DEC. The Integrated Banking System is modular and based on a core database called the Central Information File. Details of transactions, cash flows, and individual country positions can be accessed and updated on-line by multiple users, and the system also supports trading activities, corporate and trade finance, fund management and accounting. The Commerzbank is based in Frankfurt with 20 divisions in eight countries, and the first installation of the system will be in Chicago, shortly to be followed by Atlanta and Los Angeles.

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