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28 December 2011
Luxembourg
Reporter Anna Reitman

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Clearstream Services forges ahead with IT outsourcing

Clearstream has signed on a Brazilian and Belgian bank for its Luxembourg-based IT hosting and managed services, bringing the total client count to 20.

The IT outsourcing model covers infrastructure, functional application and business operations. Clearstream Services will
run the IT infrastructure for the private banking application hub for Banco Bradesco outside the Americas, with supporting services provided by REAL Solutions.

Alain Meulemans, technical director of REAL Solutions, said, “Real Solutions has partnered with Clearstream to allow a successful implementation of Banco Bradesco’s European hub. Clearstream provides the data centers, the operations and monitoring as well as the network communication through the Deutsche Boerse Group backbone. Real Solutions supports in the project management as well as the relationship management between all the involved parties.”

For BCKP Bank, the entire IT infrastructure will be supported, including the IT office infrastructure within the bank’s branches.

Yves van der Beken, chief information officer of BKCP Bank, said, “IT outsourcing is not only a model of cost control, but also a way of accessing higher expertise, a highly available and secured infrastructure and to access large number of managed services around IT Infrastructure. Founding a partnership such as the one with Clearstream Services permits BKCP to concentrate on its core business, which is retail banking.”

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