Markets Wired

Data Respons has been awarded a new contract in the banking industry in Germany, with a value of 15 MNOK.

Data Respons will deliver specialist software competence to support the development of a new IT platform. The project is part of a bigger transition that enables the customer to provide banking services of tomorrow in the German market.

The team will contribute in modernizing and upgrading existing applications with machine learning, facilitate communication with the customer in multiple channels simultaneously, integrate the existing software platform into a cloud-based infrastructure, and at the same time ensure cyber security throughout the IT architecture.

– For Data Respons, it’s a big vote of confidence to be allowed to take part in the development of the German banking and financial market. A market that represents billions of transactions every year, says Kenneth Ragnvaldsen, CEO of Data Respons.

– Again, we see that the digital transformation is a demanding and comprehensive processes, regardless of which sector or industry we are talking about. There is a shortage of expertise in the market that can take on and manage such complex transformations of business-critical systems. And there are no banks in the world that can afford a failed digital transition, Ragnvaldsen concludes.

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.

Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defence & Security, Medtech, Energy & Maritime, and Finance & Public Sector.

Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.