Major New Contract
May 27 2003 - 5:15AM
UK Regulatory
RNS Number:5452L
Raft International PLC
27 May 2003
27 May 2003
Raft International plc wins Operational Risk Management Contract with Abbey
National plc
Raft International plc, ("Raft" or "the Company") the AIM listed software
company, is pleased to announce it has secured a major new contract with Abbey
National plc.
Under the terms of the contract Raft will initially install 3 modules of its
raft radar product: Incident Management, Key Management Indicators and
Processes, Risks and Controls.
raft radar will be implemented throughout Abbey National. The bank plans to go
live with the new raft radar system by the end of the year.
After implementation of the raft Radar product at 3 major wholesale banking
clients, this is the first sale in the retail banking sector.
- ENDS -
Contact:
Gerry Wilkinson, Radar Product Manager,
Raft International plc +44 (0) 20 7847 0400
Jane Stoll, Central Marketing Manager,
Raft International plc +91 (0) 22 5690 2840
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTNKOKDKBKDNPB