ABN Amro has signed an agreement with OM to deliver and install a new settlement back office to support its Australian equities business.
The agreement includes delivery, implementation and five years of support of OM's OneWorld Settlement engine, and is expected to have an order value of about Skr30 million ($3 million).
The installation is ABN Amro's second OneWorld Settlement site in Asia, which recently went live with the product in Hong Kong. The contract marks OM's first OneWorld implementation in Australia.