ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

Dutch banking group ABN Amro has gone live with technology from cloud banking tech provider nCino and Norwegian software vendor Commercial Banking Applications AS (CBA) to accelerate its digital transformation and strengthen its trade finance transaction monitoring. ABN Amro has gone live on the nCino cloud banking platform to streamline its corporate lending operations and enhance its collateral management capabilities. nCino says its tech will enable the bank to consolidate “multiple legacy systems into one platform, unifying its end-to-end lending process for both customers and employees”. The nCino platform offers a suite of banking solutions including loan origination, credit analysis, and portfolio management services. The Dutch bank adds to the growing list of financial institutions to collaborate with the US-based vendor in 2024, including Canada’s Libro Credit Union, Australia’s Summerland Bank, and SME-focused lender Shawbrook. Sumitra Moeller, head of financing solutions at ABN Amro, says the bank has selected nCino to “offer a digital experience” and to “strengthen the personal contact with our clients and to be compliant by design”. Irish professional services company Accenture also helped support the roll out of the platform at the Dutch bank. Meanwhile, ABN Amro has also gone live with CBA’s IBAS transaction due diligence software for trade finance transaction monitoring and compliance. The IBAS Transaction Due Diligence (TDD) offering has been deployed across the bank’s global trade finance operations to monitor transactions and meet all auditing requirements. CBA, headquartered in Oslo, claims that its offering allows the bank to “immediately detect any unusual behaviour, helping to combat financial crime and ensure full compliance with national and international regulation”. The successful launch of IBAS TDD builds on the partnership formed between CBA and ABN Amro under their five-year agreement signed in 2023, focused on advancing automation in trade finance processes.