Kreditanstalt fuer Wiederaufbau Chooses Summit for its Straight-Through-Processing Solution
KfW is Germany’s promotional bank for the domestic economy and the official development bank for countries in transition and developing countries. Deployed in their Frankfurt office, KfW will use Summit for their front, middle and back office processing requirements. The Summit software suite will provide comprehensive coverage of the banks interest rate derivatives, bond and bond options, FX and money market as well futures and listed options. Summit will operate with an NT front end on an IBM AIX Server and Oracle database. Summit will replace three in-house legacy systems.