HCL wins US$400 million outsourcing contract from Norway’s DNB Bank

Nurdianah Md Nur

HCL Technologies has announced a US$400 million strategic engagement with Norwegian financial services group DNB Bank ASA to manage the latter's IT infrastructure services and application operations in the country and key international locations. 

As part of the agreement, HCL will create two data centres in Norway which will serve the bank's 2.5 million retail banking customers and end-users across all its products. HCL will do so by migrating and transforming DNB's systems and infrastructure from its existing IT partner.

As the prime services provider, HCL will also be responsible for managing operations and multiple vendors across the bank's complex technology landscape. 

According to Ashish Gupta, executive vice president and head of EMEA at HCL Technologies, ISD, this partnership will allow DNB to "transform its IT infrastructure [and] mature its IT operations" to enable it to scale according to its business needs in a secure and compliant manner.