ABN Amro renews infrastructure services deal

Dutch bank ABN Amro has renewed an infrastructure services deal with IBM.

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Dutch bank ABN Amro has renewed an infrastructure services deal with IBM.

Under the deal, for which a value was not disclosed, part-nationalised ABN Amro will attempt to simplify and streamline its technology platforms.

Following the closure of the merger of ABN Amro and Fortis in July, IBM will integrate the two banks’ infrastructures and build a standardised computing environment. The merger began after ABN Amro was bought by a Royal Bank of Scotland-led consortium for £48 billion in 2007, in the largest deal in European banking history.

ABN Amro intends to deliver IT as “pre-defined building blocks” to improve flexibility.

FransWoelders, chief information officer at the bank, said ABN Amro wanted to create “an integrated bank and will provide us with the tools and technology we need to prepare for the future”.

The deal was signed on Friday.

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