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Deutsche Bundesbank continues to draw on adesso Group expertise for its IT services

When it comes to payment, account management and securities settlement services, Deutsche Bundesbank continues to rely on the expertise of the adesso Group. KIWI Consulting GmbH, in which adesso SE holds a 70 % stake, has been awarded both of the two contracts included in the latest tender, extending its partnership with Germany’s central bank by a further four years. The framework agreement includes a variety of IT services worth up to EUR 24 million. The adesso subsidiary won out against strong competition in the open tender process, underlining the adesso Group’s capabilities in banking and public administration. Measured by sales revenues, Deutsche Bundesbank was the adesso Group’s largest customer in financial year 2022.

As the general contractor of a consortium of parties, the adesso subsidiary will be responsible for specifying the technical concept and supporting project management in the first contract, before taking charge of quality assurance for newly developed and existing IT processes in the second. The services will cover payments, as well as account and portfolio management and securities settlement. In addition to adesso SE, the consortium partners also include WEPEX GmbH. adesso acquired a majority stake in the company in February 2023 and uses it to deploy its specialist expertise in the capital market and securities business.

In its role as a general contractor for Deutsche Bundesbank, the adesso subsidiary KIWI has already demonstrated its ability to pool expertise in retail and individual payment systems with in-depth knowledge of securities settlement systems and how they interact within the Eurosystem in large-scale international TARGET2-Securities (2010-2017) projects, in the development of the new T2 system and in the consolidation of Target2 and T2S (2018-2023).

“The expertise bundled together at the adesso Group is certainly unique in the German-speaking world with regard to the complex needs of Deutsche Bundesbank,” says Thomas Kilian, Managing Director of KIWI Consulting GmbH. “We are proud that Deutsche Bundesbank has valued our work over the past few years and chosen to award us with additional contracts.”

Andreas Prenneis, whose responsibilities as a member of the adesso SE Executive Board include the public administration industry, adds: “The renewal of the framework agreement is a testament to our close, long-standing links to one of adesso’s largest customers. This is a big win, and a gratifying one at that.”


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