Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

ABN Amro signs ten-year cloud deal with IBM

Matthew Finnegan | Dec. 3, 2014
Extends relationship with outsourcing giant.

Dutch bank ABN Amro will move to a private cloud infrastructure after signing a 10-year extension to its IBM infrastructure outsourcing agreement, said to be worth billions of dollars.

The data centre modernisation plans include deploying IBM's on-premise cloud platform, simplifying mainframe systems, updating end-user computing services, and providing help desk and application support.

Full financial terms were not disclosed.

"With this agreement we will further speed up the transformation of ABN AMRO enabling the latest technology and services," said Piet Bil, IBM managing director for ABN AMRO, adding that the bank will now be able to tap into IBM's analytics and security capabilities.

ABN Amro has a long-standing relationship with IBM, having signed a £1.23 billion outsourcing deal in 2005 with a range of suppliers including Big Blue - one of the largest in the European financial sector at the time

The outsourced services supplier has revealed a number of private cloud migrations with banks in Europe in recent months, with Spain's Banco Popular expecting expecting to save $200 million (£127 million) over the next decade after signing a ten-year contract with, IBM earlier this year. In addition, Socit Gnrale's online bank Boursorama is now using IBM's cloud platform, SoftLayer, to support its web-based IT.

TechMarketView financial services analyst Peter Roe said that the ABN Amro deal is a "positive move as it represents a further endorsement of the extensive use of private cloud in the banking sector".

"It provides further evidence that IBM's significant investment in the SoftLayer cloud infrastructure and the BlueMix PaaS platform is beginning to pay dividends," he said.

He added: "The ABN AMRO contract will also give IBM a showcase for its handling of migrations of legacy systems onto cloud infrastructures. IBM will be providing managed services, help desks and applications support across all of the bank's systems as the bank transforms to be lower cost, more agile and more customer-focused."

 

Sign up for CIO Asia eNewsletters.