Mondas plc, the AIM listed Financial Markets software specialist, has secured a significant order to supply one of the world's leading banks with its market leading Blue Curve research management software solution.
The client is one of the top ten largest banks in the world, with offices in UK, Europe, US and Asia.
The contract is for the supply of licences, professional services and support, which, subject to acceptance, should provide material revenues in the second half of the year.
Mondas will provide the client with the majority of Blue Curve's modules, consisting of its create, process, comply and reach products, which will facilitate the production and distribution of the bank's research products at optimum levels of quality and efficiency. The client expects to see improved levels of customer service, as well as reduced operational risk in its research department as a result of the deployment of the software.
The project will begin immediately with a phased approach, the first of which is due to go live in October this year. The system is proposed to be rolled out across the bank's global offices, including those in the United States.
"I am delighted that a major UK based bank has selected Mondas for this very important project." said Jarlath McGee, Chief Executive of Mondas. "Once again, Blue Curve has shown itself to be the product of choice for improving the operational processes of a large financial institution and underlines the strength and the global appeal of this product."
Mark Robertson, Director, Mondas Financial Markets Division commented: "We are pleased that this major bank has chosen to use Blue Curve as its research production and delivery platform, as this demonstrates the appeal of the software across both equity and fixed income business areas, as well as from small to large firms."