ABN Amro is set to renew its contracts for managing the bank's software applications and computer hardware systems with IBM, Tata Consultancy Services (TCS) and Infosys Technologies.
According to people familiar with ABN Amro's outsourcing decision, the bank has retained IBM for managing communication networks, desktops and computer servers, and plans to reduce the number of software application outsourcing vendors to two from the current three.
"TCS has already started handling incremental and new projects, and Infosys too has deep relationship with the bank, especially with Finacle. This leaves Patni and Accenture in a tight spot," said one of the persons familiar with ABN Amro's outsourcing.
For vendors seeking to renew an existing outsourcing contract, the pressures of doing more with less is a perennial challenge , experts say.
