HCL Technologies on Tuesday announced that it has signed an Application Development and Maintenance contract with Deutsche Bank.
In a BSE filing, the company said, “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.”
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.
“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.
“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.