ABN Amro Chooses CBA's IBAS Global Trade Finance Factory
ABN Amro Bank has selected Commercial Banking Applications’ (CBA) IBAS Global Trade Finance Factory (IBAS GTF) for deployment at the bank’s headquarters in the Netherlands and across its international branches. According to the bank, the main objective is to offer highly sophisticated and flexible trade finance services to its global customers using one single system, situated in the Netherlands.
IBAS GTF is a modern IT solution developed with the latest technology and offers a wide range of advanced functionalities and business coverage. It has been developed from the outset to be flexible and adaptable, enabling fast implementation at banks without the need to undertake large and expensive development projects. Additionally, the modern technology approach used allows banks to quickly bring new products to market, in multiple geographic areas with minimum effort, time, risk and cost.
“Our priority was to find a ‘packaged’ solution that could meet a number of specific requirements. Following detailed evaluations of what IT solutions are available today, we selected the IBAS system as we are confident that IBAS and CBA can meet our needs now and in the future,” said Jos Kuijpers, head of transaction banking LC & MB, ABN Amro Bank.