Dutch bank ABN Amro expands Infosys partnership with cloud and DevOps transformation deal

Dutch bank ABN Amro expands Infosys partnership with cloud and DevOps transformation deal
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30 Jan, 2020

Information technology (IT) services firm Infosys has signed a multi-million dollar contract with Dutch banking giant ABN Amro to accelerate the latter’s cloud and DevOps transformation journey.

The new contract will enable ABN Amro to achieve IT transformation with its cloud platform strategy, Infosys said in a statement. 

DevOps is a continuous software development that shortens the product development cycle.

The Bengaluru-based software services exporter said it would leverage 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.

Early last year, Infosys had signed a deal with the bank to acquire a 75% stake for Rs 986 crore or 127.5 million Euros ($143 million) in Stater NV, the mortgage service provider of ABN Amro.  As part of that deal, Infosys also agreed to provide digital banking services for the ABN Amro’s customers. The services included digitising the mortgage business, improving customer experience, bringing operational efficiencies apart from other digital transformation initiatives

“Over the years, Infosys has helped ABN Amro streamline their digital transformation journey and enhance their overall business efficiency. We will continue to leverage our investments in cloud, digital and DevOps to help the bank achieve agility and optimal business efficiency and our partnership will continue to set new digital benchmarks,” said Mohit Joshi, president and segment head for banking, financial services and insurance (BFSI), healthcare and life sciences at Infosys.

According to Infosys, the expanded partnership through agile execution will try to build a culture of collaboration, while training the workforce on Microsoft Azure, and other cloud-native tools including the ABN Amro-specific technologies.

BFSI as a vertical contributes to around 31% of Infosys’ revenues and the company has a proprietary core banking solution product Finacle for its banking customers.

“The partnership will help us 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,” said Christian Bornfeld, chief innovation and technology officer and group COO at ABN Amro Bank.

Early this month, Infosys had partnered with GEFCO, a French automotive logistics solutions firm, to drive its digital transformation over the next five years.