“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.”
ABN AMRO, the third-largest Dutch bank, has deployed and gone live with the Infosys Finacle Liquidity Management Solution for its corporate customers.
The Finacle Liquidity Management Solution was developed by Infosys Finacle, part of EdgeVerve Systems, which is a a fully owned subsidiary of Infosys and ABN AMRO.
Single point of access to better manage global commercial cash flows
The bank will now be able to provide its customers with a single point of access to better manage their global commercial cash flows securely from anywhere and on any device of their choice.
The bank’s customers are expected to see transformative improvements in target balancing, notional pooling, aggregated balance agreement, and IFRS accounting.
This is an important part of the bank’s transformation strategy to better serve its digitally enabled corporate clients and enhance user experience.
The cloud-based liquidity management solution ensures seamless relay of updates, quick time-to-market, and allows greater efficiency and scalability, according to the firm which states that corporate customers will get a fully-integrated solution for secure liquidity management services, accessible through any device of their choice.
ABN AMRO will levereage the liquidity management solution to offer tailored liquidity products and the ability to rapidly introduce new product innovations for customers., including a cash pooling programme to enhance its corporate channel offerings.
“ABN AMRO to propel with its liquidity management business transformation”
Xander van Heeringen, Director of Transaction Banking, ABN AMRO, commented: “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.”
Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, 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. We look forward to further enhancing the bank’s capabilities and accelerating the digital transformation of its corporate banking business.”