Technology outsourcing company Cognizant has won a deal from ABN AMRO Clearing, a clearing firm, to cloud-enable its IT infrastructure.
The IT infrastructure deal with Cognizant, which will also pave way for digital transformation, will enable ABN AMRO Clearing to increase operational resilience and application availability, enhance speed and agility in managing market volatility, and lower capital investment and operating costs.
Cognizant will transform the IT operating model across AACB business services, including the core trading and reporting systems, as well as modernize the existing technology infrastructure across Europe, the Americas and Asia-Pacific regions.
In addition, Cognizant will provide hybrid cloud, security network management and end-user services using Cognizant’s Constantly Ready Infrastructure (CRI) framework, and, as a result of this transformation, AACB will be able to standardize and automate its processes globally to deliver improved experience to its business users.
“With Cognizant’s experience in capital markets, coupled with expertise in transforming existing infrastructure and successfully enabling and managing cloud environments, we are confident we have chosen the right partner,” said Eelko van Leeuwen, chief information officer (CIO) of ABN AMRO Clearing.
Manoj Mehta, vice president and regional head, Benelux, at Cognizant, was instrumental in bagging the IT infrastructure deal from ABN AMRO Clearing.
With 11 offices globally employing more than 800 staff, ABN AMRO Clearing services clients on 160+ exchanges, MTFs, dark pools and FX liquidity centres and consistently ranks as a top 3 clearer in most time zones.
