Deutsche Bank signs Google Cloud partnership

Deutsche Bank and Google Cloud have finalised a strategic, multi-year partnership to accelerate the bank’s transition to the cloud and co-innovate new products and services.

The collaboration on cloud-based services is the first partnership of its kind for the financial services industry, Deutsche Bank said in a statement.

The companies are already exploring potential new lending products, a retail bank interface and enhancements to the Autobahn platform.

The agreement will reshape how Deutsche Bank’s products and services are designed and delivered.

The bank said that Google Cloud’s technology will enable faster application development and the use of advanced artificial intelligence (AI) and data analytics tools, meaning the bank will be able to respond more flexibly and accurately to challenges, trends and client needs.

The move to the cloud will also improve resilience, deliver new capabilities to market quicker and reduce cost over time.

The duo will also selectively co-innovate with promising start-ups and fintechs and plan to make Deutsche Bank products available on Google Cloud Marketplace for the first time.

“Today marks a new chapter for Deutsche Bank,” said Bernd Leukert, Deutsche Bank’s chief technology, data and innovation officer and member of the management board.

“With Google Cloud by our side, we have a strategic partner that will accelerate our technology transformation, enable us to use data more intelligently and provide a flexible and safe environment for us to quickly deliver new products and services. This is the blueprint for bringing together the relative strengths within banking and technology for the benefit of our clients.”

    Share Story:

Recent Stories

Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.