AIB Global Treasury Services and ABN AMRO have announced an outsourcing partnership agreement.
The deal will enable AIB to provide its importing and exporting customers with access to the latest technological innovations in the area of trade finance.
It will allow AIB customers to conduct their trade finance activities - such as letters of credit, documentary collections and guarantees - over the Internet using browser-based technology.
AIB will also benefit from access to ABN AMRO's future product development and processing capabilities in the area of trade finance services.
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Outsourcing the processing function of trade finance will mean the redeployment of 12 staff within Global Treasury Services.