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SJMercury/Reuters: Dresdner backs Linux-based software, a banking first

Jan 30, 2001, 07:30 (2 Talkback[s])

[ Thanks to George Mitchell for this link. ]

"The investment banking arm of Germany's Dresdner Bank AG has teamed up with Silicon Valley-based CollabNet to offer an innovative system that thrusts Linux software into the heart of the banking world."

"Dresdner Kleinwort Wasserstein Tuesday plans to announce the new software system based on Linux, Apache and other "open source" Web software tools that could radically simplify and speed how corporate clients move money within and among banks."

"And in a move that would have once been considered an anathema to the secretive banking world, Dresdner Kleinwort plans to freely release its "openadaptor" plumbing software to programmers in the the wider "open source" community."

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