Unisys Helps Rabobank Modernize Check Processing
New application enables leading Dutch bank to process about 200 foreign-based checks per minute
The Netherlands – Unisys Corporation (NYSE: UIS) today announced that its Netherlands subsidiary is implementing a next generation foreign check processing solution for Rabobank, one of the largest financial services providers in The Netherlands. The new solution will allow the bank to process up to 200 foreign-based checks per minute.
Under the terms of the contract, Unisys will modernize Rabobank’s existing check application system to achieve a more secure, cost-efficient payment platform to handle all the bank’s checks originating in foreign countries. Unisys will help the bank migrate its check processing operations to a Microsoft .NET framework, enabling integration into a standard server environment. This will allow Rabobank to both increase processing speeds and achieve greater operational flexibility as compared to the bank’s prior operations that were dependent on a centralized cross border check processing system.
“It was important we worked with a partner who could utilize our existing infrastructure to drive cost and productivity efficiencies across our business, yet still give us the flexibility to modernize and adapt for the future,” said Arno Schellekens, Head of Operations Payments and Savings, at Rabobank.
As part of the agreement, Unisys will also implement the Unisys Quantum NDP200, a high-speed document scanner to process Rabobank’s foreign-based checks. In addition, the contract includes a new support and maintenance contract which will extend the existing relationship with the bank.
“Our new implementation will support Rabobank in better aligning its business and IT goals, providing a flexible, lower-cost operating model that improves performance and increases agility across the bank,” said Bart Steukers, managing partner, Global Industries, Continental Europe at Unisys. “Despite the Netherlands shift away from checks years ago, foreign checks remain a significant part of Rabobank’s transactions. This solution, which maximizes the benefits application modernization and systems integration, will help Rabobank more easily adapt to future changes as check usage continues to decline globally and banking evolves more to a paperless environment.”
About Rabobank Group
Rabobank Group is a financial services leader providing retail and institutional banking and agricultural finance solutions in key markets around the world. From its century-old roots as a finance cooperative founded by Dutch farmers, Rabobank has grown into one of the 25 largest banks worldwide with approximately US$730 billion in assets and operations in over 35 countries. Rabobank is one of the few private banks in the world with the highest possible credit rating from both Standard & Poor’s (AAA) and Moody’s Investor Service (Aaa), and is ranked as the world’s third safest bank by Global Finance magazine. Visit www.rabobank.com.
Unisys is a worldwide information technology services and solutions company. We provide consulting, systems integration, outsourcing and infrastructure services, combined with powerful enterprise server technology. We specialize in helping clients use information to create efficient, secure business operations that allow them to achieve their business goals. Our consultants and industry experts work with clients to understand their business challenges and create greater visibility into critical linkages throughout their operations. For more information, visit www.unisys.com.
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