IBM has been selected by Deutsche Bank to transform the integration testing part of its application service delivery for the Private & Business Clients and Global Banking business units.
As part of the agreement, standardised managed services will be implemented and a testing utility center, covering integration testing for all major IT applications, will be established. The integration testing services will now be bundled with IBM and delivered out of IBM India.
At the beginning of 2003, Deutsche Bank began a 10-year £1.61bn IT outsourcing deal with IBM that saw it begin to embrace an 'on demand' model for IT. At the time the bank's chief operating officer, Hermann-Josef Lamberti, said: "Deutsche Bank expects to save around €1bn (£640m) over 10 years, largely converting what until now have been the fixed costs of operating our own computer centres into usage-based, variable costs."