ABN AMRO Bank has gone live with risk management software firm Adenza’s RegCloud to achieve more modernised and efficient regulatory reporting.
The implementation of RegCloud will help the bank to expedite its transition to a more agile, efficient, and optimised solution in a software as a service (SaaS) environment.
Headquartered in both London, UK and New York, US, Adenza offers customers end-to-end, trading, treasury, risk management and regulatory compliance platforms that can be delivered on-premises or through the cloud.
Adenza Continental Europe and UK sales managing director Vincent Lemaire said: “We are pleased to welcome ABN AMRO to the RegCloud family as it embarks on its transformation journey, joining banks around the world that have made Adenza a part of their cloud strategy.”
The Dutch bank selected the AxiomSL ControllerView platform SaaS offering for hands-free maintenance and optimised banking operations.
ABN AMRO Bank has switched to Adenza’s cloud services based on the expected economic impact on its total cost of ownership (TCO) and the benefits of a cloud strategy, said Adenza.
The replacement of applications and automated manual processes in line with the cloud transformation will help the bank to enhance user productivity and business agility.
ABN AMRO Bank finance and risk IT lead Lucian Toia said: “The vendor assessment process revealed that RegCloud was the better fit for our architecture with a faster and simpler migration. We look forward to leveraging the benefits of this deployment.”
In July 2023, ABN AMRO Bank implemented NICE CXone to expand its digital capabilities across all touchpoints and offer a smarter and faster customer experience across the entire journey.
NICE CXone offers artificial intelligence (AI)-driven self-service and agent-assisted CX software for the contact centre.
