HCL bags application development and maintenance contract from Deutsche Bank

HCL Technologies 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. HCL is an innovation partner for Deutsche Bank’s digital strategy. [caption id=“attachment_2013335” align=“alignleft” width=“300”]  Reuters[/caption] “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.