ABN AMRO taps Infosys Finacle to transform liquidity management system

Infosys said that Infosys Finacle has helped Dutch financial services provider ABN AMRO in the implementing and making live of the Infosys Finacle Liquidity Management Solution for its corporate customers.

ABN AMRO will now be capable of providing its customers with an easy point of contact to manage their worldwide commercial cash flow securely anytime and from any device they want, said Infosys.

Xander van Heeringen — ABN AMRO Director of Transaction Banking said: “We are excited to announce this collaboration with Infosys Finacle, the market-leading provider of banking technology.

“The right technology investment for corporate banking customers is of great importance to ABN AMRO as smarter cash management is evolving as a key priority for our customers, pushing the need for driving resilience in treasury operations. Together with Infosys Finacle, we will further enable ABN AMRO to propel with its liquidity management business transformation.”

ABN AMRO taps Infosys Finacle to transform liquidity management system. Photo courtesy of ABN AMRO Bank N.V.

Following the implementation, customers of the Dutch bank are expected to benefit from significant improvements in balancing target pools, notional pooling, and the aggregated balance agreement, as well as IFRS accounting. This is said to be an essential aspect of the bank’s transformation strategy for better serving its digitally-enabled corporate clients as well as improve the users’ experience.

Infosys Finacle solution suite has been made accessible in a cloud-hosted environment to ensure seamless transmission of updates, speedy time-to-market, and an increase in efficiency and scalability.

By implementing Finacle Liquidity Management, ABN AMRO is able to provide corporate customers with an integrated solution that is robust, and secure liquidity management services, available on the go and accessible from any device they want to access.

The solution allows the Dutch bank to provide tailored liquidity products as well as the capability to quickly introduce new products and services to customers.

The bank is also able to introduce a new-generation cash pooling plan to improve its channel offerings for corporate customers, said Infosys.

Sanat Rao — Infosys Finacle Chief Business Officer and Global Head said: “Corporate banking customers have the same expectations as retail consumers for agile, tailored, and seamless digital banking on a choice of devices.

“The Finacle Liquidity Management Solution has been designed keeping the needs of multinational corporations in mind, so that they can effectively manage their liquidity positions on the go. We are very pleased to collaborate with ABN AMRO to deliver a superior banking experience to its corporate customers.”