Deutsche Bank signs multibillion-dollar IT deal with HP

February 24, 2015 admin bank, companies-said, deutsche-bank, joint-statement, large-parts, more-quickly, new-products, will-outsource, will-provide

Deutsche Bank will outsource large parts of its wholesale banking IT infrastructure to U.S.-based Hewlett-Packard (HP) in a multibillion-dollar deal that leaves the group's retail operations untouched. Under the 10-year agreement, HP will provide computing capacity and data storage to host Deutsche's operations, the two companies said in a joint statement on Tuesday. Deutsche will retain activities such as IT architecture and information security.

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Deutsche Bank signs multibillion-dollar IT deal with HP