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ABN AMRO has signed a multi-year partnership extension with Swiss banking software provider Temenos to support customer growth and business expansion on the Temenos Banking Cloud.
The agreement will continue to give the bank’s 22 DevOps teams access to Temenos’s continuous deployment services, enabling them to accelerate software delivery time from weeks to days.
The bank first subscribed to the product in 2019. It estimates that Temenos’ continuous deployment service increases the efficiency in early-stage testing and deployment by 30%, daily test pipelines from 1 to 15, while accelerating test cycles by a factor of 10.
The partnership also supports ABN AMRO’s journey to cloud, offering instant access to composable banking services.
“With Continuous Deployment on the Temenos Banking Cloud, we empower our DevOps teams to develop new services and get them to the market much faster,” said Friso Westra, head of IT development core banking and wealth at ABN AMRO.
“We see a future of banking fully in the cloud, and this further collaboration with Temenos takes us one step closer to that vision.”
The ABN AMRO and Temenos partnership have spanned over a decade. During this time, the latter have delivered payment and other digital platforms to the bank.
In 2015, the bank deployed Temenos’s newly built payment system to provide a single universal payments platform for both high and low value as well as domestic and international payments. It has since been rolled out in Germany, Belgium, the UK, and Hong Kong.
The latest agreement with ABN AMRO marks is the latest in a series win for Temenos. Only yesterday, the company announced that the new US challenger bank Battle Financial had chosen to use its banking cloud platform.
In March, the company’s open platform was also selected by Rakuten Europe bank for its banking services.
The increasing demand for digital banking platforms has also encouraged US cloud banking services to seek out new European and MENA clients.
NASDAQ-listed group nCino last month opened offices in France and Spain to extend its reach in the EMEA region.
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