ABN Amro is to deploy Infosys Technologies' core banking software Finacle across its branches in mainland China, Taiwan and Hong Kong.
The Dutch bank will use the Finacle system to handle core banking, Internet banking, CRM and loan origination activity at the three locations.
Commenting on the deal, Rajiv Agarwal, CFO, ABN Amro, says: "This is a key focus market for the bank and deploying the right technology platform is critical to our strategy to create a competitive differentiation."
Bangalore-based Infosys says the contract also marks the first deployment of Finacle in China. Merwin Fernandes, vice president and global head of sales and marketing at the vendor's banking business unit, says: "This win provides us the vital entry into China, a strategic focus market for Finacle. We have been investing in making Finacle China-Ready and I am confident that this win will greatly help us accelerate our China plans."