The Netherlands-based Leaseplan Bank has signed an agreement to implement cloud banking provider Ohpen’s banking platform in a bid to upgrade its operations.

Leaseplan Bank will replace multiple on-premises applications with Ohpen core banking platform to enhance its technological and functional capabilities thereby improving its services to its retail banking customers.

The implementation of the Ohpen core banking platform is also expected to simplify banking operations reducing associated complexities.

NL Ohpen CEO Pieter Aartsen said: “Migrating LeasePlan Bank’s customers to the Ohpen core banking platform will reduce the complexity of their savings and deposits IT architecture and make LeasePlan Bank more agile.

“Over the last twelve months, we have experienced an increased demand from retail banks to close down their own on-premises IT infrastructure and replace it with cloud-based applications.

“For the past ten years, we have proved that our cloud-based core banking platform ensures reliability, availability and compliancy.”

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Supervised by the Dutch Central Bank (DNB), LeasePlan Bank provides savings products to private individuals in The Netherlands and Germany.

As of March 2018, the bank managed more than 140,000 saving accounts with combined assets of €6.2bn.