2010 had also seen the merger of Fortis Netherlands with ABN Amro, under the latter brand. The solution had already been used domestically long-term via Fortis and MeesPierson before this. By mid-2011, IBAS was live in Rotterdam, so too the remote links to Singapore, Hong Kong and New York. ABN Amro was also


by now ‘unwinding’ its outsource agreement with RBS and would bring this retail trade finance business onto IBAS as well. From September 2011, as a result, both corporate and retail trade finance were expected to be on IBAS. Hauge described it as ‘one of our best projects ever’. At around the same time, he was hopeful of signing a major payments-related deal in the Middle East but there were no new name signings during 2011. Despite the continued lack of sales, the project at ABN progressed well and Fortis has also extended its use of IBAS, adding new locations in recent years including New York, Singapore, Hong Kong, Germany and Belgium. By the end of Q1 2013 ABN Amro had between 350 and 400 users on IBAS, of which around half were in the Netherlands. As well as trade finance, it was supporting the bank’s burgeoning commodities business. IBAS runs on IBM’s Unix platform (IBM runs the bulk of the bank’s IT infrastructure) and Oracle, with an IBM Websphere message broker, from a central hub in the Netherlands.


User list IBAS GBF


Example users: Aktia Bank (Finland) OCBC (Malaysia, Singapore)


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Payment Systems & Suppliers Report | www.ibsintelligence.com


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