Infosys, a global leader in next-generation digital services and consulting, has announced a strategic partnership with ABN AMRO, the third largest bank in the Netherlands headquartered in Amsterdam.
This partnership strengthens Infosys’ position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies, and further enhances the company’s strategy to help clients navigate their next Digital Transformation journeys.
As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage administration services in the Netherlands, Belgium and Germany.
ABN AMRO will continue to hold the remaining 25% of the shareholding.
Mohit Joshi, President, Infosys, said: “This transaction strengthens our approach to offer clients digital platforms and industry focused solutions. It brings together our complementary capabilities to enhance the value we offer to our financial services clients.”
Christian Bornfeld, Member of the Executive Board of ABN AMRO, said: “While mortgages are a key product for ABN AMRO, providing administrative mortgage services is not a core activity. That’s why we are very pleased with Infosys as Stater’s new majority shareholder. ABN AMRO will keep a strategic interest of 25% and will continue to be an important client to Stater.”