Allied Irish Bank (AIB) has extended its trade services outsourcing contract with ABN Amro for a further five years.


Under the terms of the contract, ABN AMRO will continue to provide trade finance services to AIB’s clients. Examples of these services include TradeAccess, a private-labelled version of ABN AMRO’s global trade portal MaxTrad.


Mike Hampson, global head of financial institutions, transaction banking at ABN AMRO, remarks: “Banks are increasingly turning to strategic outsourcing to take advantage of scale processing and deep technology investment. The renewal of this prestigious contract with AIB is testament to the willingness of both partners to take a bold an innovative approach to service delivery. AIB now has a proven operational business model for delivering trade services as others are just starting on the journey.”