Deutsche Bank and Google Cloud sign cloud and innovation 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. It is the first partnership of this kind for the financial services industry. 

For Deutsche Bank’s clients, the agreement will reshape how products and services are designed and delivered. With faster application development and the use of advanced artificial intelligence and data analytics tools, the bank will be able to respond more flexibly and accurately to the most pressing challenges, trends and client 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.”