Modsys : Global Financial Giant Chooses Modern Systems for Automated Conversion

Modern Systems has been engaged to perform an automated conversion for a global financial institution's retail debt operations program. The plan is to modernize the Retail Debt Management System ('RDMS') that manages government retail debt certificated savings bonds using Modern Systems' automated conversion solution. RDMS is to be modernized to reduce dependency on legacy technologies knowledge, allow for reduced cost of change, and provide better scalability, portability, and flexibility. The goal of the project is to move from a mainframe CA Gen and COBOL-based platform to a midrange Java-based platform.