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News >> Technology >>
Deutsche Bank sets up BPO center
By siliconindia
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Tuesday, 15 July 2003, 19:30 IST
BANGALORE: Deutsche Bank has announced its foray into the business process outsourcing (BPO) space with the launch of Deutsche Network Services Pvt Ltd, (dNETS) in Bangalore.
A wholly owned subsidiary of Deutsche Bank, dNETS will initially commence a pilot-processing center in Bangalore for global cash operations and electronic payment processing.
dNETS will process payment transactions for Deutsche Bank entities around the world including those located in New York, Frankfurt, London and several Asian countries. Initially, electronic payments processing will be undertaken in dollar and euro and will eventually broaden to include other currencies.
Operating from the International Tech Park, Bangalore, dNETS will commence with 50 employees, which is likely to increase by several folds by 2004.
Wolfgang Gaertner, Deutsche Bank's Chief Information Officer, Global Transaction Bank IT/Operations said, "Deutsche Bank continually reviews all options including hubbing and outsourcing to obtain maximum leverage for our IT and processing expenditure. This allows us price our products competitively and to meet the highest levels of client expectation in service delivery. India has proven its ability to provide high quality, cost effective, IT processing solutions within a conducive business environment and with an impressive pool of well-trained and high caliber professionals."