Dutch banking group ABN AMRO Bank has selected cloud banking solutions provider nCino to drive digital transformation across its corporate lending.
As part of the collaboration, ABN AMRO is now operational on nCino’s cloud banking platform.
According to nCino, it will enable ABN AMRO to advance its goal of becoming a more personal bank in the digital era through ongoing innovation.
The bank is implementing nCino across its corporate lending operations and for collateral management across all its business lines.
ABN AMRO financing solutions head Sumitra Moeller said: “We have selected nCino to take the bank forward in our strategy to provide clients with industry-leading lending products, to offer a digital experience, to strengthen the personal contact with our clients and to be compliant by design.”
ABN AMRO’s adoption of nCino is expected to enhance business value by improving collateral management and integrating multiple legacy systems into a single platform. This will streamline the end-to-end lending process for both customers and employees.
Following the successful implementation and launch, nCino and ABN AMRO have extended their partnership.
Accenture is said to have played a key role in accelerating ABN AMRO’s digital transformation, applying its global and regional expertise to support the platform’s rollout.
nCino EMEA managing director Charlie McIver said: “ABN AMRO understands the value of a single platform and the data foundations needed to drive digital transformation for its large, ECB regulated business.
“This major milestone is the foundation for future growth and transformation, and we are excited to support the continued innovation, and further integrate our intelligent, data-driven solutions.”
In a similar announcement, Norwegian software vendor Commercial Banking Applications (CBA) confirmed that ABN AMRO went live with its IBAS Transaction Due Diligence (TDD) software for trade finance transaction monitoring and compliance.
The solution empowers the Dutch bank to easily identify any unusual behaviour. This will enable it to combat financial crime and ensure full compliance with national and international regulations.
