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Brief: Korea's IMS Systems wins first Japanese bank contract

25 July 2002  |  2525 views  |  0 Brief: Korea's IMS Systems wins first Japanese bank contract

Sumitomo Trust Bank in Japan has purchased IMS System's lending module of its core banking system, Newton.

Walter Rim, CEO of the Korean software house, states: "This sale is significant as it is the first of a number of expected sales from the Japanese market. IMS has invested heavily in the Japanese market and we are now starting to see the returns from that investment."

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