Infy wins Commerzbank contract

Infosys has announced that it has won a five-year contract with Commerzbank, the second largest bank in Germany.

As part of this agreement, Infosys will remodel the bank’s investment banking IT architecture, optimize IT processes, and evaluate a potential Post-Trade Processing Utility.
The utility would then focus on the clustering of trade processing platforms across various product types.

“Commerzbank is benefitting from the renewal and simplification of its current IT landscape, developing new and radical technologies, and is pursuing new business models to compete better in an increasingly regulated market,” said Mohit Joshi, President and Global Head for Financial Services, Infosys.
DH News Service