ABN Amro expands outsourcing services

Source: ABN Amro

ABN Amro is to offer a significantly enhanced and expanded suite of outsourcing services for financial institutions, including outsourced offerings for corporate account services and securities processing.

The bank, which is already a major provider of outsourced and white-labelled trade, treasury and foreign exchange services, launched the range of new services - as well as the latest versions of its current products - at the Sibos banking conference taking place in Copenhagen from September 5 to September 9.

"Clients increasingly choose to expand their product offering and improve client retention by identifying opportunities for outsourcing of non-core operations and use of white-labelled services," says Ann Cairns, senior executive vice president, transaction banking at ABN Amro.

"With more than 40 outsourced and white-labelled implementations already up and running for clients around the world, ABN Amro has a very successful track record in partnering with financial institutions, so for us this is about building upon an area of strength."

Combining scale, efficiency and innovation is the key to providing large-scale outsourcing services. This year ABN Amro created a transaction banking business, bringing together transaction banking capabilities across the group, from its wholesale clients and Dutch retail businesses to LaSalle in the US and Banco Real in Brazil.

Daniel Cotti, head of global transaction products at ABN Amro, says, "Across the group we have a range of proven, class-leading products and services. We are taking the best of each to bring new capabilities to all of our clients."

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