As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage.
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ABN AMRO selects Infosys as a strategic partners Infosys, as one of the strategic partners of ABN AMRO, will deliver services across application development and maintenance, testing and product.
· Stater offers a complete range of mortgage services and is a front runner in digital services regarding mortgages and in developing a digital ecosystem for mortgages. About ABN AMRO. ABN AMRO is a Dutch based bank for retail, corporate and private banking clients.
When the deal was announced in March, ABN amro executive board member christian bornfeld said: "While mortgages are a key product for ABN AMRO, providing administrative mortgage services is not a core activity. That’s why we are very pleased with Infosys as Stater’s new will keep a strategic interest of 25%.
· Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic partnership with ABN AMRO, the third largest bank in the Netherlands headquartered in Amsterdam.
Infosys announces the completion of strategic partnership formation with ABN AMRO in the Netherlands by acquiring 75 percent of their shareholding in the wholly owned end-to-end mortgage administrator service provider – Stater NV. Stater is a mortgage service provider in the Benelux region. It.
ABN AMRO closes sale of a majority stake in Stater to Infosys. Press release – 23 May 2019. ABN AMRO;. the transaction was closed. ABN AMRO will retain a strategic interest of 25% and will continue to be an important client of Stater.. ABN AMRO to complete the legal merger on 29 June 2019.
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Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has completed the formation of a strategic partnership with ABN AMRO in the Netherlands by acquiring 75% of the shareholding in their wholly owned end-to-end mortgage administration service provider stater N.V.