SANDY HOOK, CT, October 18, 2002 - Open Information Systems (OIS), a leading provider of Web Enablement and Corporate Trust Accounting systems, announced today that Deutsche Bank's Corporate Trust and Agency division has awarded the firm a significant contract for the delivery and maintenance of a Global Corporate Trust Web Portal and supporting Commercial Paper and Medium Term Note automation services.
Deutsche Bank's top tier Corporate Trust department is committed to furthering the bank's reputation as being the industry's highest quality provider. The project with OIS is part of a significant re-design of the bank's global operations area and processing strategies. OIS will replace the bank's Noteline offering and move the bank to an all Internet based service delivery model. Deutsche Bank licensed OIS's Money Market Manager product to be the foundation for the project, which was selected because of its capability to rapidly implement the bank's new model and achieve its vision quickly and with a minimum of development risk.
"OIS worked closely with Deutsche Bank to design the new system and we have been very impressed with their focus on delivering best of class customer service via the Internet," said Tom McMackin, Co-founder and Chairman of Open Information Systems. "In addition to improving client service, our solution will reduce Deutsche Bank's operational risk. Our real-time processing and work flow manager services support a high degree of straight through processing, flexible work assignments and uses open technologies which will easily evolve with Deutsche Bank's business."
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