Dresdner Kleinwort has struck a landmark deal with a top banking software vendor after effectively outsourcing the development of one of its key internal platforms to the third party specialist.

The German bank has sold eLoancoordinator, a syndication platform for the primary loan market, to Misys, a global software and solutions provider. However, Dresdner will continue to use the book-building system, while the software company is free to sell it to Dresdner's banking rivals.