BT has signed a strategic agreement with Credit Suisse, one of the world's leading banks, to provide a broad package of services to help enhance the company’s operating efficiency across the globe.
The contract involves the management of Credit Suisse's global networking function, addresses requirements across Credit Suisse’s enterprise and financial trading environments, and has an additional focus on jointly creating new service innovations. Solutions will be delivered in partnership with Swisscom, the leading telecommunications company in Switzerland.
The agreement will allow Credit Suisse to take greater advantage of the use of public mobile, Internet technologies and advanced exchange connectivity to provide secure business connectivity at a lower cost and with less capital investment. These technologies will help Credit Suisse further reduce latency and improve trader effectiveness and collaboration in its investment banking activities, while making greater use of high technology customer relationship management solutions in the personal banking market.
Tom Sanzone, CIO and Executive Board member at Credit Suisse said: “Our customers will benefit from BT’s deep understanding of the financial services market, innovative thinking, skills and expertise in the provision, and management of highly resilient networks, while Swisscom ensures the deep understanding of Swiss banking regulations, which was central in our decision making.”
Andy Green, CEO of BT Global Services, added: “We are very excited to have been chosen by Credit Suisse as a long term business partner and believe the benefits will be significant for us all…We found in Swisscom a perfect partner, extremely well established in the home base of Credit Suisse, and with whom we can implement a smooth transition. We are proud that Credit Suisse has trusted us with the delivery of a truly integrated system based on leading technology and world-class service."
Urs Schaeppi, CEO of Swisscom Solutions, said: “We are delighted to be working with BT to deliver to Credit Suisse such an ambitious project. The special relationship between Swisscom and BT ensures the important focus on the Swiss market. Swisscom have a track record of excellence of service to Swiss corporations and we are confident that this is an ideal partnership for a large global deal with such a strong local dimension.”
The agreement will also establish a multimillion pound innovation fund, sponsored by all three parties, that will finance the development of new technologies to enable Credit Suisse to enhance the delivery of its product and service offerings. As a result, Credit Suisse will be in a position to generate greater levels of efficiency and productivity to better serve its clients.
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