Deutsche Bank and Google Cloud sign multi-year partnership

By Megha Bhattacharya

Deutsche Bank and Google Cloud have signed a multi-year partnership for accelerating the bank’s transition to the cloud and the ability to co-innovate new products and services. The agreement will enable the Bank to enhance the way products and services are designed and delivered. Deutsche Bank will also be able to accurately respond to client needs with the help of faster application development along with the use of advanced artificial intelligence and data analytics tools.

“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.”

Deutsche Bank and Google Cloud intend to selectively co-innovate with promising start-ups and fintechs and plan to make Deutsche Bank products available on Google Cloud Marketplace.

Recently, the Bank announced that it will be implementing an e-banking signature solution with Daimler Treasury in Singapore in a bid to strengthen the company’s treasury functions in Asian markets. The Bank has been Daimler’s core transaction banking partner in the Asia Pacific, providing cash management, documentary trade, and risk management solutions.