IBM and Dutch bank ABN AMRO have signed a ten year multi-billion pound services agreement to manage the IT infrastructure that supports the bank's operations globally. The agreement includes the implementation of a private IBM cloud together with further standardisation and simplification of the existing IT landscape, from mobile computing to mainframe infrastructure.
This agreement sees the extension of the bank's strategic IT relationship with IBM and will enable the bank to move along on their strategy towards turning the bank into a digital bank.
The new agreement with IBM provides the bank with IBM Cloud fully managed services for mainframe, servers, storage, end-user computing, help desk as well as application support and the agreement is expected to create financial savings over the life cycle of the contract.
“With the transformation of ABN AMRO and the strategic shift we see in the Industry we will enable ABN AMRO in accelerating time to market, address and improve customer service", said Piet Bil, IBM Managing Director for ABN AMRO. "With this agreement we will further speed-up the transformation of ABN AMRO enabling the latest technology and services. Through our continued partnership, ABN AMRO will be able to evolve its IT infrastructure with new capabilities that leverage IBM’s investments in cloud, as well as analytics and security".
In addition to ABN AMRO, other major financial institutions including Westpac New Zealand, Banco Popular in Spain, Boursorama in France, and The Hartford in the US have also chosen IBM to build and manage their hybrid cloud IT environments.