Zuger Kantonalbank renews IT services contract with CSC for $33m
Monday, December 01, 2008
Swiss bank, Zuger Kantonalbank, has extended its IT services contract with CSC for another seven years. The extended deal is valued at US $33 million
Under the agreement, CSC will continue to provide SAP-based applications services, including development, maintenance and support. Specifically, CSC will continue its 24x7 operation and management of Zuger’s SAP banking platform and add new functionality that enhances system efficiency and increases ease of use.
“With CSC’s support, we can continue to lower operating costs while increasing customer service,” commented Beat Mathys, a Zuger Kantonalbank Management Executive. “This will enable us to further increase efficiency and improve our cost-income-ratio in the highly competitive retail banking market.”