Rabobank Picks Internet Transact For Forex Risk Management

TECHNOLOGY

Rabobank Nederland, one of the Netherlands' largest banks, has started installation of Internet Systems Corp.'s Transact risk-management application for its 55 forex and money markets dealers in Utrecht.

Transact was picked in December, after a head-to-head comparison with Data Sciences' Valuta-IDS risk-management system. The dealers' preference for Transact was "unanimous", says Ben Vergouw, senior information manager at Rabobank, who singles out the "user friendliness" of the Transact user

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