Deutsche Bank awards application development and maintenance services contract to HCL Technologies

Source: HCL Technologies

HCL Technologies (HCL), a leading global IT services provider, today announced that it has signed an Application Development and Maintenance contract with Deutsche Bank.

Under the terms of 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 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 program is part of a broader strategic initiative by Deutsche Bank. HCL is an innovation partner for the company’s digital strategy which aims to enhance customer experience by bringing innovation to its products, services and operations.

“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. “HCL is a long-standing partner, and 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 realize unique value by creating an agile IT function that drives innovation and growth, adapting their application landscapes to rapidly changing business environments.”

HCL provides a comprehensive range of custom application development services that enable enterprises to exploit the power of custom applications to support new capabilities and enhance their customer and partner experience. HCL brings over 35 years of experience in managing complex IT application and infrastructure environments, offering a full set of Application Support and Maintenance solutions. HCL provides forward-thinking organizations with transformational solutions that meet their individual business requirements.


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