Infosys will buy 75 percent stake in Stater, a subsidiary of ABN AMRO Bank. Stater offers mortgage administration services in the Netherlands, Belgium and Germany.
ABN AMRO, the third largest bank in the Netherlands headquartered in Amsterdam, will continue to hold 25 percent stake in Stater.
This investment strengthens Infosys’s position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies.
Stater brings European mortgage expertise and a digital platform to drive superior customer experience. Infosys will drive the digital transformation road map of Stater with accelerators such as dynamic workflow, API layers, RPA and analytics.
Erwin Dreuning is the managing director of Stater. The current management team of Stater will continue to steer the company.
Mohit Joshi, president of Infosys, said, “This transaction brings together our complementary capabilities to enhance the value we offer to our financial services clients.”