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.”