Banking as a Service

ABN AMRO Clearing’s: Banking as a Service

Banking as a Service (BaaS) enables financial services companies to hold client cash amounts for and on behalf of their respected clients, by use of individual client bank accounts held in the books of ABN AMRO Clearing Bank N.V. (AACB). BaaS provides an alternative solution for the use of investment vehicles, such as fiduciary trustees and/or money market funds, whereby it aims to increase capital efficiency, minimise the administrative burden and simultaneously mitigates the exposure on underlying investment risks.

Banking as a Service offers to hold client money deposits under the Dutch deposit guarantee system, governed by a sound regulatory and legal framework. While your clients will have their respective cash accounts held in the books of AACB, you will remain the “owner” of the client relationship. Your clients will manage and monitor their respective cash account through your website and related tools and/or apps.

It's developed on a new distributed ledger platform, named “Panopticon”, based on Hyperledger fabric and is scaled to process up to 500 transactions per second. Using the available interfaces, the AAC banking service can be integrated in your systems to allow an optimal client experience.

Contact us

Curious to find out more on how the BaaS platform can make your company more future proof?

For further information please contact one of our experts:

Reinier van Dam | Productmanager BaaS

Click here tot contact Reinier

+31 20 343 4073