Infosys signs deal with ABN AMRO to accelerate its Cloud Transformation

Infosys has now signed a multi-million dollar contract with the ABN Amro, the Dutch banking giant, to accelerate the DevOps and Cloud transformation journey.

The new deal will enable the ABN Amro to achieve IT transformation with its cloud platform strategy, notes the announcement.

According to the announcement, Infosys will use its expertise in cloud and data management services to help ABN AMRO to move to a single public cloud to deliver agility and cost efficiency in operations.

Executive Opinion

President and Segment Head – Banking, Financial Services & Insurance, Healthcare & Life Sciences, Infosys, Mohit Joshi, said, "Over the years, Infosys has significantly helped ABN AMRO bank streamline their digital transformation journey and enhance their overall business efficiency. ABN AMRO and Infosys’s strategic joint venture in end-to-end mortgage administration services, Stater, has allowed us to deepen the relationship further with the bank. We will continue to leverage our investments in cloud, digital, and DevOps to help the bank achieve agility and optimal business efficiency. As one of ABN AMRO’s longest-tenured partners, we are delighted to continue our strategic collaboration with them and will continue to set new digital benchmarks."

Chief Innovation and Technology Officer (Group COO) and Executive Board Member at ABN AMRO Bank, Christian Bornfeld, said, "At ABN AMRO Bank, we’re excited to be working with Infosys and accomplish our strategic goals and deliver this very key IT transformation in the coming years. Infosys’ strategic investment in cloud, digital, and DevOps has helped create best in class solutions, and we are confident that this partnership will help us transform our IT environment in a timely and cost-effective way."

ABN AMRO Bank's Digital Transformation

In the year 2019, Infosys had signed a deal with the bank to acquire a 75% stake at the INR 986 crore in the ABN Amro owned Stater NV, a mortgage service provider.

The services include improving customer experience, mortgage business, digital transformation initiatives, and bringing operational efficiencies.
Infosys plans to leverage agile execution for ABN AMRO's digital transformation. The company will try to build a culture of collaboration at ABN AMRO. At the same time, Infosys will train the bank's workforce on the Microsoft Azure and some other cloud tools. With a focus on code quality and security, Infosys also train the workforce on the bank-specific toolsets and facilitate continuous integration and continuous delivery, notes the announcement.

Just a few days back, Infosys had also signed a deal with the GEFCO to drive its digital transformation.