Ordina and Fortis Bank Information Banking have teamed up to provide outsourcing activities for securities transactions.
This follows news last week that Ordina bought the back office and IT operations of Staalbankiers.
In this partnership, Fortis Bank’s global brokerage, clearing and custody services will be combined with Ordina’s solutions for securities and banking administration. The services offered as part of this concept are available on a modular basis but can also be supplemented with, for instance, treasury or securities lending services, thereby enabling financial institutions and asset managers to realize significant savings and to focus on their core activities, the companies said.
“With these Financial Outsourcing Services, Ordina and Fortis Bank offer a solution that is not yet provided by other market players,” said Clayton Heijman, Chief Commercial Officer at Fortis Bank Information Banking. “This solution will enable our customers to focus fully on their core businesses. In addition, they may be able to realize savings on their overhead and future capital expenditure costs. The solution offers economies of scale to financial institutions while preserving their own identity.”
Fortis Bank is part of Fortis, an international financial services provider active in banking and insurance while Ordina is one of the largest listed service providers in the Dutch market for Information and Communications Technology and management consultancy.