HCL Signs Deal With Deutsche Bank

HCL Technologies said it had signed a five-year multi-million dollar deal with the Dutch bank’s capital markets arm to provide it application support solutions.

“The service factory delivery model implemented by HCL is expected to significantly enhance productivity, driven by transparent service level agreements (SLAs) and performance metrics,” the company said. “The multi-million dollar deal heralds a perfect beginning to celebrations marking a decade of the HCL’s relationship with Deutsche Bank,” it added.

The transformational programme, which will result in significant vendor consolidation, involves the management of key banking applications that are the backbone to the Deutsche Bank’s critical businesses.