HCL Technologies has signed an application development and maintenance contract with Deutsche Bank.
Under the terms of the agreement, HCL will provide digital solutions, systems integration, product implementation and design, build and test new applications in addition to the ongoing application maintenance and support services, HCL said in a statement.
HCL will manage and enhance some of the existing application suites, including corporate banking and securities, global transaction banking, asset and wealth management, and risk, finance and back-office operations across Deutsche Bank group. The programme is part of a broader strategic initiative by Deutsche Bank.
“In today’s challenging business environment, IT applications - especially governance, risk and compliance applications - need to be highly reliable, scalable, and continuously optimised in order to deliver world-class experience to our customers,” said Kim Hammonds, Group CIO, Deutsche Bank.
“We believe HCL’s applications development and maintenance expertise and deep industry knowledge will create significant business impact for us.”
“We are pleased to have been selected by Deutsche Bank and we look forward to helping them create a high performance banking application portfolio to support their key programmes over the coming years,” said Parag Samarth, Corporate Vice-President – Financial Services, HCL Technologies.
“Innovative companies realise unique value by creating an agile IT function that drives innovation and growth, adapting their application landscapes to rapidly changing business environment.”