Cognizant (NASDAQ: CTSH) has been selected by global clearing firm ABN AMRO Clearing (AACB) as its strategic partner to cloud-enable its global IT infrastructure and lay the foundation for digital transformation, the company said.
This will enable AACB to increase operational resilience and application availability, enhance speed and agility in managing market volatility, and lower capital investment and operating costs.
As part of the multi-year agreement, Cognizant will transform the IT operating model across AACB business services, including the core trading and reporting systems, as well as modernize the existing technology infrastructure across Europe, the Americas and Asia-Pacific regions.
ABN AMRO Clearing provides clearing and financing services for listed derivatives and cash securities, OTC products, warrants, commodities and FX. With 11 offices globally employing more than 800 staff, ABN AMRO Clearing services clients on 160+ exchanges, MTFs, dark pools and FX liquidity centres and consistently ranks as a top three clearer in most time zones.
Headquartered in the US, Cognizant is one of the world´s leading professional services companies, transforming clients´ business, operating and technology models for the digital era.