DSL Soft, IIMB sets up center for banking technology

NEW DELHI: DSL Software (DSL), a joint venture between HCL Technologies (HCL T) and Deutsche Bank, has launched Center for Research in Finance and Banking - An Initiative Supported by DSL, a center of excellence for banking technology, in alliance with Indian Institute of Management, Bangalore (IIM-B).

The center will focus on applied research in the area of banking technology and operations. Specific areas of focus are Equities & Trading, Forex & Money Markets, Risk Management and Corporate Trust.

The center would execute joint projects leading to published research work, consult on areas relevant to the research in the center, train DSL employees in specific areas and organize class sessions for IIM students by domain experts at DSL. The company will also share its knowledge in the area of banking technology and financial engineering with IIM.

Martin Loat, Arun Duggal, Prof. P G Apte will serve on the Board of Advisers for the center. Kenneth Borda, CEO designate, Deutsche Bank, Asia Pacific will replace Martin Loat on the Board upon Martin Loat’s return to Europe in the near future.



Martin Loat, CEO, Asia Pacific, Deutsche Bank said, "This strategic initiative will provide Deutsche Bank and other global banking organizations with access to world class IT intellectual capital to achieve their information technology objectives with increased efficiency.

DSL is an important component of Deutsche Bank’s IT strategy and IIMs are held in very high esteem within global financial institutions." HCL Technologies and DSL, CFO and Director, Arun Duggal, said, "Creation of HCL T’s joint venture with Deutsche Bank consolidated our expertise in the Financial Services space. This alliance with IIM is an excellent opportunity for the practitioners at DSL and the thought leaders at IIM to create significant value together."