India's fourth largest IT bellwether HCL Technologies bagged a $400-million (Rs.2,400 crore) deal to run the IT operations of DNB Bank ASA, Norway's largest bank.
"As part of the multi-year deal, we will migrate and transform DNB's systems and infrastructure from its IT partner to two data centres in Norway," HCL vice president Ashish Gupta said in a statement here Wednesday.
As the world's leading maritime shipping banks, DNB provides a wide range of financial services to 2.5 million customers and end users in the Nordic region and key international locations.
"The partnership will help the Norwegian bank to improve operational stability, reduce cost and implement a robust application operations framework with service quality and innovation," Gupta asserted.
As the prime services provider, HCL will manage operations and multiple vendors across the bank's complex technology landscape.
"HCL has demonstrated expertise in transformations for large clients in the financial services segment and with its operations, we aim to deliver a first-class user experience to our users," DNB chief operating officer Liv Fiksdahl said on the occasion.
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As global banks are looking for ways to improve their mission-critical IT operations for delivering world-class customer service, Gupta said its team would deploy its Enterprise of the future framework to enable DNB to transform its IT infrastructure.
"Our engagement with DNB is a testimony of our strength as provider of choice for the Generation 2.0 outsourcing market with complex and transformational engagements delivered for customers in many industries," Gupta added.