Deutsche Bank and Google Cloud have settled a key, multi-year association to quicken the bank's progress to the cloud and co-advance new products and administrations. It is the primary association of this sort for the monetary administrations industry.
For Deutsche Bank's customers, the understanding will reshape how products and administrations are planned and conveyed. With quicker application development and the utilization of advanced artificial intelligence and data analytics tools, the bank will have the option to react all the more deftly and all the more precisely to the most squeezing difficulties, patterns and customer needs.
"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."
"Mobile self-service options, artificial intelligence-based recommendations, and other innovations are transforming the banking experience for businesses and consumers around the world," said Rob Enslin, President, Google Cloud. "Our partnership with Deutsche Bank will bring new innovations to life and further establish the financial services industry as an early technology adopter. Deutsche Bank is a trailblazer in the industry, and we couldn't be more thrilled to partner with such an important market leader."
A number of use cases for the partnership are already being explored, including:
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New lending products to support "pay-per-use" models as an alternative to purchasing assets outright (asset-as-a-service);
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Establishing a unified, intuitive interface for retail customers in Germany to more easily view the range of Deutsche Bank and Postbank products; and
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Enhancing the bank's Autobahn platform, the award-winning electronic service offering for corporate and institutional clients, to create more personalised recommendations and experiences
As a further advance, Deutsche Bank and Google Cloud mean to specifically co-enhance with promising new businesses and fintechs that can uphold the bank's customer and change objectives. What's more, to expand client reach, Deutsche Bank intends to list its Google Cloud products on Google Cloud Marketplace, to drive more extensive selection of the bank's new cloud local administrations and arrangements.
Moving to the cloud will empower Deutsche Bank to exploit a modern and completely oversaw climate for applications. Adaptability and versatility will improve, with an inflexible spotlight on data privacy and security to shield client data and Deutsche Bank's data resources.
Deutsche Bank can pick in which data focus locale in degree applications are being conveyed to cook for data area inclinations or rules. Deutsche Bank applications will scramble data very still and on the way. Google Cloud will furnish Deutsche Bank with usefulness to permit the bank to deal with its encryption keys.
About Deutsche Bank
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.
About Google Cloud
Google Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google's cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems.