Deutsche Bank and Google announce partnership

Companies plan to sign a multi-year contract within the next few months

Deutsche Bank and Google

Deutsche Bank and Google announce partnership. Source: shutterstock.com

Deutsche Bank and Google Cloud will form a strategic partnership aimed to redefine how the bank develops and offers its financial services.

The partnership will not only provide cloud services to Deutsche Bank but also enable co-innovation between both companies.

Besides, the bank will accelerate its cloud shift and transform its IT architecture thus gaining more value for its clients.

With this partnership, Deutsche Bank will also gain direct access to data science, AI, and machine learning to better serve customers.

Potential use cases include helping treasury clients with cash flow forecasting, improved risk analytics, and advanced security solutions to protect clients’ accounts.

This cooperation with Google Cloud is a significant step forward for our technology strategy and will transform the way we produce and deliver our client services. By bringing together the best of both cultures, we look forward to creating new business models leveraging artificial intelligence, data analytics, and more, with an established technology and innovation leader
Bernd Leukert, Deutsche Bank’s Chief Technology, Data and Innovation Officer and Member of the Management Board

We’ve reported that Deutsche Bank and QPLIX have announced the cooperation on the growing business with asset managers, family offices and other financial institutions.

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