KAS BANK announces it has signed a seven-year partnership with Atos SE for the management of our IT services. This partnership intends to make our IT processes more agile and efficient, helping us to drive further innovation and improvements for our clients.
04 Jul 2016
KAS BANK and Atos have been successfully working together in the area of mainframe services since 2009. By increasing the bank’s agility in IT processes we can better achieve our ambition to be a market-leading securities services provider to our clients.
“The intensification of our existing collaboration with Atos creates added-value for both KAS BANK and our clients,” says Jaap Witteveen, COO of KAS BANK. “Through this partnership we thus strengthen our innovative capacity for creating new services and products throughout the complete value chain of custody, administration and reporting services. The collaboration also contributes to flawless processing practices and raises our risk management to a higher level, which in turn makes a positive contribution to the low risk profile of the bank.”
The outsourcing of our IT services will enable KAS BANK to increase our capacity to meet the demand for growing flexibility and digitisation in the financial industry. The market leading position of Atos as a provider of specialised technology solutions makes them the ideal partner to realise this next stage of development and innovation.
The agreement with Atos leads to a saving of over EUR 30 million during the contract period and is part of the previously announced cost savings program of KAS BANK. Under the agreement, 70 IT employees will transfer from KAS BANK to Atos.