GFT Technologies AG (GFT), the Spanish subsidiary GFT IT Consulting, has strengthened its position as an IT solutions provider to the financial sector by signing a multi-year outsourcing contract of worth EURO80m with Deutsche Bank.

GFT and Deutsche Bank have been strategic partners since 2001, during which time GFT has been able to steadily expand its range of skills in the financial sector, particularly in Spain.

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.

Ulrich Dietz, CEO of GFT, said: “The signing of this contract is a fantastic start to the new year. It intensifies our many years of successful cooperation with Deutsche Bank and strengthens our Spanish subsidiary as a competence centre for excellent IT consultancy and application development for the financial sector. This puts GFT in the best possible position for continuing its dynamic growth on the basis of this strategic orientation.”

Wolfgang Gaertner, chief information officer at Deutsche Bank, said: “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.”

Marika Lulay, executive board member of GFT, said: “We have gained excellent specialist knowledge in the private and corporate banking sector, which can be combined perfectly with our established technological knowledge.”

Source:http://www.cbronline.com/news/gft_technologies_sings_outsourcing_contract_with_deutche_bank_in_spain_100122