IT major Infosys has completed the formation of a strategic partnership with ABN Amro in the Netherlands by acquiring 75 per cent of the shareholding in their wholly-owned end-to-end mortgage administration service provider Stater NV.
Stater is a market leader in the Benelux region, operating across the mortgage and consumer lending value chain with deep capabilities in digital origination, servicing, and collection. It has deep European mortgage expertise and a robust digital platform to drive superior customer experience.
The company services 1.7 million mortgage and insurance loans for about 50 clients in the Netherlands and Belgium.
The partnership strengthens Infosys' position as a technology and business process management provider across the mortgage services value chain, improving the experience and operational efficiencies, and further enhances the company's strategy to help clients navigate their next digital transformation journeys.
The specialised knowledge and experience of Stater in the mortgage services market, combined with the global reach, AI, digital transformation and automation capabilities of Infosys, can potentially create differentiated solutions for the market, according to a statement.
The formation of the strategic partnership follows the announcement made on March 28.
ABN Amro is a Dutch-based bank for retail, corporate and private banking clients and employs around 19,000 people worldwide.