The world in which ABN AMRO and our clients operate is changing faster than ever. We are keeping pace with these changes and preparing the bank for the future by actively innovating, every day.
In September 2013, we opened the Innovation Centre, a place where we discover new solutions. We explore problems, collect insights and validate hypotheses. And, of course, we keep a close eye on developments taking place outside the bank. We identify trends and transform them into ideas. And we work out these ideas in concrete plans, together with our customers, partners and employees – while always putting our customers’ interests first.
ABN AMRO serves retail, private and corporate banking clients with a primary focus on the Netherlands and with selective operations internationally. In the Netherlands, clients are offered a comprehensive and full range of products and services through omni-channel distribution including advanced mobile application and internet banking. Internationally, we are active in areas in which we have substantial expertise.
ABN AMRO opened the Econic innovation hub in Eindhoven. Fintechs and the bank’s employees will meet each other there in an independent environment to develop and test their ideas together. Day-to-day management of the hub will be carried out by external innovation experts. Econic will start out by developing seven innovations and four participating companies.
Econic will work with a proven innovation process, which the experts leading the hub have used previously for High Tech XL and various Dutch top 100 companies. The process, which will now be applied to fintechs for the first time, involves continuous monitoring of the innovation teams, workshops and master classes to achieve a ready-to-market proposition in six months. Besides fintechs, other companies with new ideas for business banking are also welcome at Econic.