In the latest outsourcing news, HP has been selected to modernise Deutsche Bank's global IT infrastructure in a 10-year multibillion dollar contract.

Deutsche Bank will continue to keep IT architecture, application development, and information security in its own hands, with HP running the bank’s IT infrastructure, including storage, platforms, and hosting.

According to an article in ZDNet, the bank wants to prioritise sorting out its banking infrastructure so that it can prepare for the next stage in banking.

For weekly news updates, subscribe to our email newsletter.

Read this next: BancTec wins Bank of Ireland Outsourcing Contract