New core banking system selection in the Netherlands
Amsterdam Trade Bank is looking for a new core system
Amsterdam Trade Bank (ATB), a European subsidiary of Russia’s Alfa Group, is looking for a new core banking system, Banking Technology understands.
The bank is a long-standing user of Misys’ software, including Equation for core processing, Trade Innovation (TI) for trade finance, and Opics for treasury and capital markets.
In 2010, Misys announced ATB’s successful upgrade to a newer version of Equation, BankFusion Equation (now branded as FusionBanking Equation).
A couple of years later the bank was known to be looking at a local provider, Five Degrees, and its Matrix banking platform. No deal materialised, however.
ATB is now scouring the market for a new core banking system. The shortlisted vendors, Banking Technology understands, include Temenos with its T24 offering and a small Norwegian player, Commercial Banking Applications (CBA) with its IBAS GBF product.
Misys with its FusionBanking Equation and TI products are also on the shortlist, it is believed.
ATB specialises in trade and project finance, corporate banking and international money transfers. It is positioned as a financial gateway between Russia, CIS and Western European markets.
Its HQ is in Amsterdam, with around 200 people on the payroll.
