Accounting and Financial Software
LogicaCMG Provides Further Flexibility for Countries Implementing RTGS Systems
Share:
LONDON, October 10/ LogicaCMG's RTGS CAS System Now Supports Microsoft Windows Server Platform
LogicaCMG (LSE: LOG), a leading IT services company, today announces that its Real-Time Gross Settlement (RTGS) product Central Accounting System (CAS) will now run on a Microsoft Windows Server platform. A RTGS system is a critical component of a nation's economic infrastructure, helping to prevent systemic failure of the banking system. This latest development means that LogicaCMG can now offer an additional alternative to the UNIX platform for countries that want to implement a modern, reliable and stable RTGS system at a lower cost.
This announcement follows the first delivery of the Windows-enabled system to the Reserve Bank of Fiji in September 2006. Fiji is a developing market with significant potential for economic growth and the introduction of LogicaCMG CAS system will improve the efficiency of the national payments clearance and settlement system, in line with best practise international standards.
Bob Denyer, CAS product manager at LogicaCMG, commented: "The implementation of RTGS systems is now much less prohibitive for smaller countries because of the cheaper cost associated with the Windows platform.
This addition means that organisations can benefit through the ability to use lower cost hardware and third-party databases. All countries can now take advantage of LogicaCMG's CAS product on the most appropriate platform, secure in the knowledge that they are using the world's most modern, stable and reliable RTGS solution."
About LogicaCMG
LogicaCMG is a major international force in IT services. It employs 30,000 people across 36 countries. LogicaCMG's focus is on enabling its customers to build and maintain leadership positions using LogicaCMG's deep industry knowledge and its track record for successful delivery. The company provides business consulting, systems integration and IT and business process outsourcing across diverse markets including telecoms, financial services, energy and utilities, industry, distribution and transport and the public sector. Headquartered in Europe, LogicaCMG is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG). More information is available at logicacmg.com.
Source: LogicaCMG Plc
Press contact: Isabell Horvath, LogicaCMG, +49-89-65112136, Mobile: +49-171-6546152, isabell.horvath@logicacmg.com
