Big deal from financial sector: DekaBank relies on T-Systems
* New all-in-one information and communications infrastructure
* Contract runs for six years
T-Systems is growing in the banking industry. The Deutsche Telekom subsidiary has been awarded the DekaBank contract for the transfer and operation of the information and communications infrastructure. In future, T-Systems will be responsible for voice and data communication, workstation systems and data center services. The two companies have agreed on a contract term of six years. The volume in euros over the whole term will be in the three-digit millions.
With managed fund assets of more than EUR 178 billion (as at March 31, 2010), over five million deposit accounts and locations in Luxembourg and Switzerland, the DekaBank group is one of the largest asset managers in Germany. "We were looking for a strategic IT partner for the coming years, with whom DekaBank would be able to achieve a significant degree of flexibilization and reduce the IT costs in the short term. At the same time, we wanted a partner whose innovative solution concept and expertise would contribute towards successful joint transformations of the application environment and IT architecture in the long term.
T-Systems impressed us in this regard" says Dr. h. c. Friedrich Oelrich, DekaBank Board member responsible for IT. The contract also provides for comprehensive security measures to protect highly sensitive bank data against unauthorized access.
In the course of the migration, new technologies are to be gradually introduced starting from the fall of 2010. T-Systems will set up a completely new data center environment. The operation of the business applications will largely be changed over to dynamic platforms. This means that DekaBank will receive all infrastructure services based on demand and will pay for them based on use. “This will enable us to significantly reduce costs compared with current operations,” adds Oelrich. T-Systems taps additional cost savings through integrated voice and data communication on an Internet basis (IP).
“The DekaBank deal has manifold importance for us. For the first time in a while in Germany we have a new customer from the financial sector. Moreover, the customer was convinced by our approach of all the services being purchased from one provider. No other ICT service provider in Europe can provide that in this form,” says Reinhard Clemens, Member of the Board of Management at Deutsche Telekom and CEO of T-Systems.
The service agreement also includes the integration of trading center solutions specific to banks. These business-critical applications control the purchase and sale of shares automatically for instance. As fractions of seconds are critical in stock exchange transactions, these systems must work virtually in real time and must not fail.
About Deutsche Telekom AG
Deutsche Telekom is one of the world’s leading integrated telecommunications companies with over 151 million mobile customers, over 38 million fixed-network lines and more than 15 million broadband lines. The Group provides products and services for the fixed network, mobile communications, the Internet and IPTV for consumers, and ICT solutions for business customers and corporate customers. Deutsche Telekom is present in over 50 countries and has around 260,000 employees worldwide. The Group generated revenues of EUR 64.6 billion in the 2009 financial year - over half of it outside Germany. (As of December 31, 2009)
Drawing on a global infrastructure of data centers and networks, T-Systems operates information and communication technology (ICT) systems for multinational corporations and public-sector institutions. On this basis, Deutsche Telekom’s corporate customers arm provides integrated solutions for the networked future of business and society. Some 45,300 employees at
T-Systems combine industry expertise and ICT innovations to add significant value to customers’ core business all over the world. The corporate customers unit generated revenue of around EUR 8.8 billion in the 2009 financial year.
DekaBank is the central asset manager for the Sparkassen-Finanzgruppe [German Savings Bank Finance Group]. With managed fund assets of about EUR 178 billion (as at March 31, 2010), more than five million customer deposits and group locations in Luxembourg and Switzerland, the DekaBank group is one of the largest asset managers in Germany. DekaBank is a German institution incorporated under public law with registered offices in Frankfurt/Main and Berlin. Half of the owners are Landesbanken [federal state banks] and half are savings banks. The fact that DekaBank is a permanent part of the world’s largest financial combine allows for an optimum division of work, with DekaBank creating funds centrally and savings banks and Landesbanken serving customers locally. DekaBank is represented internationally with branch offices, subsidiaries and representative offices in Luxembourg, Switzerland, Italy, Austria and Spain.
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