IFS agrees deal with Commerzbank

Irish financial software company, International Financial Systems, has signed an agreement to provide Germany's Commerzbank with…

Irish financial software company, International Financial Systems, has signed an agreement to provide Germany's Commerzbank with its risk management software. IFS's MarginMan product will be used within the bank for its collateralised trading operations in Europe. The contract is worth £250,000 and it follows close on the heels of recent similar deals with Deutsche Bank, Credit Lyonnais, ABNAmro and Royal Bank of Canada.