BankBoston Integrates In-House Global Risk System With Summit

TECHNOLOGY & INTEGRATION

BANKBOSTON has installed a suite of risk management software modules developed by Summit Systems, the New York-based software vendor.

Summit will be used to supplement the bank's internally developed global risk management system, known at the bank as Treasury Risk Management System (TRMS).

The bank plans to integrate Summit and TRMS in the first quarter of next year. TRMS currently supplies traders with on-line credit limits and VAR-based market risk calculations (RMO, January 15).

BankBoston

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