ABN AMRO initiative wins award for best ICT project

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On 29 October, ABN AMRO won the Computable Award in the category ICT Project of the Year 2019 for Large Businesses. Computable announced 21 winners, with the bank’s initiative for tracking down human trafficking receiving the highest average final score.

In collaboration with the University of Amsterdam and the Inspectorate SZW (Social Affairs and Employment), ABN AMRO set up a project designed to help track down human trafficking. Other Dutch banks have since joined in. The Computable Awards jury said, “If there was one project that impressed the jury with its social value, it was this one.”

Social impact is one of the focus areas of ABN AMRO’s strategy, which the bank has worked hard to promote for many years. Human trafficking is a global problem, one which ABN AMRO wants to help eradicate by analysing transaction data. This adds a new aspect to ‘due diligence on human rights’. This past September, Tanja Cuppen, Chief Risk Officer at ABN AMRO, underscored the importance of the financial sector’s efforts to fight exploitation and human trafficking. She expressed this in a speech at the presentation of the final report of the Liechtenstein Initiative during the General Meeting of the United Nations.

Tanja Cuppen: “Exploitation and human trafficking are a huge threat to society. Forty million people worldwide – that’s 1 out of every 185 people – are victims of exploitation or human trafficking. This is horrifying. These crimes involve huge sums of money, more than in the days of slavery. So I’m enormously proud that our efforts to fight human trafficking have been recognised, and I hope many similar initiatives will follow in the future.”

More information is available at Computable.

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