KeyCorp Extends Trade Partnership with ABN AMRO
ABN AMRO has signed an agreement which extends and builds on KeyCorp’s existing trade outsourcing mandate. KeyCorp, one of the largest bank-based financial services companies in the US, outsourced its trade finance services processing to ABN AMRO three years ago. KeyBank’s Global Trade Services Group has now signed a contract extending the partnership to take full advantage of ABN AMRO’s trade services, and is seeking to identify and exploit new business opportunities. As a part of the extended partnership, ABN AMRO will develop an activity ‘dashboard’ to satisfy KeyCorp’s management information needs. Analyzing critical data from multiple perspectives, including analysis by customer, product, sub-product and transaction type will enable KeyBank to improve its customer response time, track and control transactions with precision and more effectively manage funding and cash flow.