Infosys Finacle, a fully owned subsidiary of Infosys, and ABN AMRO, the Netherlands' leading financial services provider, 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 with a single point of access from anywhere and on any device of their choice to better manage their global commercial cash flows.
Customers of the bank will benefit from transformative improvements in target balancing, notional pooling, aggregated balance agreement, and IFRS accounting as a result of this implementation. This is a critical component of the bank's transformation strategy to better serve its digitally enabled corporate clients and improve user experience.
The solution enables the bank to provide tailored liquidity products to customers as well as to rapidly introduce new product innovations.
Sanat Rao, who serves as the Chief Business Officer and Global Head of Infosys Finacle, expressed his enthusiasm for partnering with ABN AMRO to deliver an improved banking experience for their corporate clients.
He emphasized that the Finacle Liquidity Management Solution was created to meet the unique liquidity management needs of multinational corporations, enabling them to manage their liquidity positions effectively while on-the-go.
ABN AMRO can provide its corporate customers with a fully-integrated solution that provides resilient and secure liquidity management services on the move and accessible through any device of their choice thanks to the Finacle Liquidity Management solution.
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