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GEFA BANK, part of Société Générale, relies on DXC technology on its way to the public cloud

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DXC is helping GEFA prepare for the future of banking

BOEBLINGEN (Germany), March 17, 2022–(BUSINESS WIRE)–GEFA BANK, one of the leading financial partners for German SMEs and a subsidiary of Société Générale, has DXC technology (NYSE:DXC) to participate in a landmark digital transformation project. Under the “G-Rocket” program, GEFA BANK and DXC Technology will migrate the bank’s business-critical data and applications from the company’s legacy data center to Microsoft’s Azure Cloud platform.

This press release contains multimedia content. See the full announcement here: https://www.businesswire.com/news/home/20220317005533/en/

GEFA BANK office in Wuppertal, Germany (Credit: GEFA BANK)

“By moving to the cloud, GEFA is modernizing its IT infrastructure and gaining more flexibility and scalability,” says Michael Quint, CIO of GEFA BANK and organizationally, to prepare for the future of banking. final operating model based on our parent company’s cloud security and compliance framework.”

In addition, DXC, together with its partner company Microsoft, has launched a training program to prepare selected experts from GEFA BANK for the future operation of the new cloud solution.

“DXC has many years of experience in the banking and capital markets industry. Cloud computing has exponentially accelerated the pace of transformation and innovation in this sector,” says Marc-Alexander Drews, Banking and Capital Markets Sales Executive at DXC. “With our ‘Cloud Right’ concept, we are supporting GEFA in transitioning their technology to the cloud and enabling their IT employees to realize their full potential.

With the move to Azure Cloud, GEFA BANK and DXC will systematically convert the bank’s application environment to cloud-native services such as Azure Kubernetes Service (AKS). Thanks to this containerization concept, GEFA BANK will shorten the time to market for new service offerings and create a modern development environment for innovative financial products.

“The “G-Rocket” program and the cloud migration of business-critical applications represent a particular challenge. Due to the positive experiences of our many years of cooperation, DXC is exactly the right partner for this transformation,” Quint continues. .

In this context, GEFA BANK and DXC agreed to continue their cooperation until October 2027. The complete migration of the data center is planned for September 2022.

GEFA BANK

GEFA BANK has more than 70 years of experience in the industry and is one of the leading providers of investment financing and sales of movable property in Germany. The wholly-owned subsidiary of international banking group Société Générale offers a wide range of financing products, including leasing, credit, lease-to-own, as well as purchase and rental park financing for German SMEs. In addition, GEFA BANK offers overnight and fixed-term deposit products for private and commercial clients.

About DXC technology

DXC Technology (NYSE: DXC) helps global enterprises run their mission-critical systems and operations while modernizing IT infrastructure, optimizing data architectures, and ensuring security and scalability across public, private, and hybrid clouds. Delivering services across the entire enterprise technology stack, the world’s largest commercial and public sector organizations rely on DXC to achieve new levels of performance, competitiveness and customer service. To learn more about how we deliver excellence to our clients and colleagues, visit DXC.com.

Forward-looking statements

All statements contained in this press release that are not directly and exclusively historical facts constitute “forward-looking statements.” These statements reflect current expectations and beliefs. There can be no guarantee that the results discussed in such statements will be achieved. Such statements involve numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are factors beyond our control at this time, and may continue to be amplified by the COVID pandemic. -19 and the effects of various private and government measures that affect our customers, employees, suppliers and the economies and communities in which rd. A written description of these factors can be found in the DXC Annual Report on Form 10-K in the “Risk Factors” section for the fiscal year ended March 31, 2021 and any updated information in subsequent reports filed with the Commission. Stock Exchange and Securities of the United States. , by being included in the DXC Quarterly Report on Form 10-Q for the quarter ended December 31, 2021.

There can be no assurance that any objective or plan set forth in any forward-looking statement will be achievable or will be achieved. Therefore, readers are strongly advised not to place undue reliance on such statements, which speak only as of the date of their publication. We disclaim any obligation to publicly update or revise any forward-looking statement or disclose events or circumstances subsequent to the date of this press release or the occurrence of unforeseen events, except as required by law.

The source language in which the original text is published is the official and authorized version. Translations will be included for better understanding. Only the version in the language that was originally published is legally valid. Therefore, compare the translations with the original language version of the publication.

View the original version on businesswire.com: https://www.businesswire.com/news/home/20220317005533/en/

contacts

Cristina Trauntschnig
Head of Marketing and Communication, DXC DACH
[email protected]

jonathan batty
Public Relations Director, DXC EMEA
[email protected]

Dagmar Uhlenbrock
Marketing, BANK GEFA
[email protected]

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