IT services provider HCL Technologies announced its outsourcing deal with Deutsche Bank to provide application development and maintenance.
The IT contract will cover digital solutions, systems integration, product implementation and design, build and test new applications in addition to the ongoing application maintenance and support services, said HCL Technologies.
The Delhi-NCR-based HCL Technologies competes with TCS, Wipro, Infosys, among others.
As per the IT contract, HCL Technologies 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.
“In today’s challenging business environment, IT applications – especially governance, risk and compliance applications – need to be highly reliable, scalable, and continuously optimized in order to deliver world-class experience to our customers,” said Kim Hammonds, group CIO, Deutsche Bank.
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