GFT Technologies AG (GFT) has signed a multi-year contract with Deutsche Bank in Spain. The Spanish subsidiary GFT IT Consulting, S.L.U. will manage the maintenance and development for the majority of the bank’s IT applications in Spain.
The contract value will come to approx. EUR 80 million over a period of seven years. As part of the agreement, GFT will, amongst other things, take responsibility for applications that handle payment transactions, online banking, credit card management and securities transactions for Deutsche Bank in Spain. The GFT team members will be on hand 24 hours a day, seven days a week, to maintain the applications.
“The signing of this contract is a fantastic start to the new year. It builds upon our many years of successful involvement with Deutsche Bank and strengthens our Spanish subsidiary as a competence centre for excellent IT consultancy and application development for the financial sector,” says Ulrich Dietz, CEO of GFT.
“As a leading financial institution, we want to ensure excellent customer service and therefore place very high demands on the information technology and IT applications provided for this purpose. They must be reliable in operation and adaptable to the increasingly rapid innovation cycles in a flexible and cost-effective manner,” says Wolfgang Gaertner, Chief Information Officer, Deutsche Bank.
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