Kyndryl and IBM ink 420 million Euro deal with ABN AMRO

Kyndryl and IBM announced a 420 million Euro deal with ABN AMRO, for supporting its domestic and international operations through the end of 2029.
IBM HQ
This innovative agreement is intended to enable the bank to transform and modernize its IT operating model. The goal is to have a more responsive and client centric way of working to help towards a faster, flatter, more focused, more flexible and provide more degrees of freedom.

“ABN AMRO will re-take end-to-end control and responsibility for platform services while maintaining close support from essential, embedded capabilities provided by Kyndryl,” said Jan van Groningen, ABN AMRO Chief Technology Officer.

“ABN AMRO has been a key IBM client for decades,” said Marcell Schmidt, Technology Leader for IBM Netherlands. “We look forward to a continued close relationship, collaborating with Kyndryl, enabling the modernization of existing applications and new solutions powering ABN AMRO’s platforms.”