ABN Amro and Allied Irish Bank have formed an outsourcing partnership that will provide an enhanced trade services offering to Allied Irish Bank’s international trade clients. The partnership will provide Allied Irish Bank’s clients with internet access to a full array of trade finance products and services, including standby letters of credit/guarantees.
Allied Irish Bank will link its existing information systems with ABN Amro’s to create a shared platform, resulting in more efficient processing and enhanced reporting capabilities, including 24-hour customer access to transaction information. ABN Amro will process all international trade transactions for Allied Irish Bank’s trade clients.
With more than 175 years’ experience in intermediating and financing global commerce, ABN Amro is a leading provider of trade services.
Through its Global Trade Advisory area, part of the Working Capital business unit, ABN Amro provides customised commodity, web-based trade and supply chain finance solutions to companies and financial institutions around the world.