Norway’s DNB has awarded a $400m strategic contract to HCL Technologies, to manage IT infrastructure services and application operations for all its businesses across the country and its key overseas locations.
Under the terms of the agreement, HCL will migrate and transform DNB systems and infrastructure from its existing IT partner to create two new data centres in Norway.
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With the IT upgrade, the bank aims to boost banking experience of its 2.5 million retail banking customers and end-users across all DNB’s products, such as retail and online banking, cards, insurance, capital markets, payments and finance.
Additionally, the deal will enable Norwegian lender to boost operational stability, slash operating expenses and implement a strong application operations framework with highest levels of service quality and innovation within the bank.
HCL will be accountable for managing operations and multiple vendors across the bank’s complex technology landscape, claims DNB.
HCL Technologies, ISD EMEA executive vice president and head, Ashish Gupta, commented: "HCL will deploy its "Enterprise of the Future (EoF) framework" to enable DNB to not only transform its IT infrastructure but also mature IT operations.
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By GlobalData"This will ensure that the bank has agility to scale IT to meet business needs in a secure compliant manner using a "Digital Fortress" construct."
