Deutsche Bank’s tech transformation includes Oracle Cloud
Project Achtergrond
Deutsche Bank turned to Oracle Cloud as part of the bank’s effort to lower costs, add capabilities, and keep certain data on-premises to help it continue complying with European data protection rules. In a demonstration of how large companies are increasingly turning to multicloud environments, the bank in 2020 struck a public cloud partnership with another cloud provider for other workloads.
Probleemstelling van het project
As a turnaround effort by Germany’s Deutsche Bank gains momentum, its work with Oracle to modernize the data handling software behind key trading, risk management, and capital planning underlines technology’s importance in helping banks gain a competitive edge. CEO Christian Sewing has made modernizing the bank’s technology one of his signature efforts, aiming to simplify a range of platforms and hosting arrangements.
Technologische innovaties
Cloud
Doelstelling van het project
The Oracle migration, to unfold over the next three to five years, is expected to save the bank triple-digit millions of euros in costs.
Technology Providers
Oracle