NetherlandsRSS

Dutch regulator fines International Card Services €2.4m

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The Netherlands Authority for the Financial Markets (AFM) is fining International Card Services (ICS), a wholly-owned subsidiary of ABN Amro, for excessive credit limits. In March 2017, ICS says it took the initiative itself and prepared a compensation plan for the clients concerned. ICS will pay the €2.4 million fine imposed by the AFM. Which […]

ABN Amro and ING lead charge for Dutch ATM survival

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ABN Amro, ING, Rabobank and Geldservice Nederland (GSN) have teamed up to explore a potential initiative to ensure the availability of ATMs in the Netherlands. These discussions are being conducted in consultation with the nation’s central bank, De Nederlandsche Bank (DNB), and draw upon “successful initiatives” in Sweden and Finland. With the rise of digital […]

LeasePlan in enterprise-wide tech overhaul with SAP and HCL

LeasePlan puts tech trust in SAP

LeasePlan, one of the world’s largest fleet management specialists, is undertaking an enterprise-wide technology overhaul with SAP.

GarantiBank International live with Five Degrees’ Matrix system

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GarantiBank International (GBI) has gone live with Five Degrees’ Matrix solution for retail savings and deposits in the Netherlands.

SNS Bank selects Ohpen for BPO core processing services

Ohpen

Amsterdam-based banking software vendor Ohpen has signed a long-term outsourcing agreement with Dutch state-owned bank SNS to deliver its business process outsourcing (BPO) solutions to support the investment propositions of ASN Bank, BLG Wonen, RegioBank and SNS. The services, underpinned by Ohpen’s Microsoft.Net-based core banking platform, will start by the end of 2017. Ohpen CCO […]

ING cans Twyp mobile payments app in the Netherlands, but keeps it going in Spain

ING Twyp

ING is pulling a plug on its peer-to-peer (P2P) mobile payments app, Twyp, in the Netherlands due to the lack of customer uptake. However, the app will continue to function in Spain.

Mizuho Bank Nederland live with new risk and reg reporting system, OneSumX

Wolters Kluwer gains new client for OneSumX

Wolters Kluwer has implemented its flagship OneSumX solution at Mizuho Bank’s subsidiary in the Netherlands. The solution supports risk calculations and multi-country regulatory reporting.

SNS Bank revamps treasury and risk as Basel reforms tighten grip

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Dutch state-owned bank SNS is to upgrade its treasury and risk infrastructure using services from vendor SunGard. The bank wants to centralise its credit and market risk management, including initial margin and potential future exposure, in view of Basel requirements which oblige banks to adhere to higher standards of record keeping and transparency.

Rabobank picks SuperDerivatives FX trading toolkit

Rabobank is based in the Dutch city of Utrecht (pictured)

Dutch cooperative bank Rabobank has chosen tools from SuperDerivatives to help revamp its global FX trading operations.

Dutch regulator okays Amazon Web Services for financial sector

DNB recently approved Amazon Web Services for use by the Dutch financial sector

De Nederlandsche Bank (DNB), the Netherlands’ national banking regulator, has cleared Amazon Web Services for use in the country’s financial sector, clarifying key supervision criteria for Dutch organisations looking to move infrastructure or services to the AWS cloud.

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