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Infosys Finacle Powers ABN AMRO’s Global Liquidity Management System
Published Date: March 16, 2023
ABN AMRO’s corporate customers now empowered with a wide range of services to better identify, manage, and enhance liquidity positions on the go
Bengaluru, India – March 16, 2023 : Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and ABN AMRO, a leading financial services provider in the Netherlands, today announced the implementation and go-live of the Infosys Finacle Liquidity Management Solution for the bank’s corporate customers. ABN AMRO will now be able to provide its customers a single point of access to better manage their global commercial cash flows securely from anywhere and on any device of their choice.
With this implementation, the bank’s customers will see transformative improvements in target balancing, notional pooling, aggregated balance agreement, and IFRS accounting. This is an important part of the bank’s transformation strategy to better serve its digitally enabled corporate clients and enhance user experience.
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Xander van Heeringen, Director of Transaction Banking, ABN AMRO, said, “We are excited to announce this collaboration with Infosys Finacle, the market-leading provider of banking technology. The right technology investment for corporate banking customers is of great importance to ABN AMRO as smarter cash management is evolving as a key priority for our customers, pushing the need for driving resilience in treasury operations. Together with Infosys Finacle, we will further enable ABN AMRO to propel with its liquidity management business transformation.”
Sanat Rao, Chief Business Officer & Global Head, Infosys Finacle, said, “Corporate banking customers have the same expectations as retail consumers for agile, tailored, and seamless digital banking on a choice of devices. The Finacle Liquidity Management Solution has been designed keeping the needs of multinational corporations in mind, so that they can effectively manage their liquidity positions on the go. We are very pleased to collaborate with ABN AMRO to deliver a superior banking experience to its corporate customers. We look forward to further enhancing the bank’s capabilities and accelerating the digital transformation of its corporate banking business.”
About Infosys Finacle
Finacle is an industry leader in digital banking solutions. We are a unit of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys (NSE, BSE, NYSE: INFY). We partner with emerging and established financial institutions to help inspire better banking. Our cloud-native solution suite and SaaS services help banks engage, innovate, operate, and transform better to scale digital transformation with confidence. Finacle solutions address the core banking, lending, digital engagement, payments, cash management, wealth management, treasury, analytics, AI, and blockchain requirements of financial institutions. Today, banks in over 100 countries rely on Finacle to help more than a billion people and millions of businesses to save, pay, borrow, and invest better. For more information, visit www.finacle.com
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Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India and the US, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2022. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.