2020-12-04 11:41:48 DB Deutsche Bank
Alphabet
12/04/20 12/0411:41 12/04/2011:41 | Deutsche Bank, Google Cloud enter multi-year partnershipDeutsche Bank (DB) and Google Cloud (GOOG, GOOL) have finalised a strategic, multi-year partnership to accelerate the bank's transition to the cloud and co-innovate new products and services. The companies said, " 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 more accurately to the most pressing challenges, trends and client needs." A number of use cases for the partnership are already being explored, including: New lending products to support "pay-per-use" models as an alternative to purchasing assets outright; Establishing a unified, intuitive interface for retail customers in Germany to more easily view the range of Deutsche Bank and Postbank products; and 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 step, Deutsche Bank and Google Cloud intend to selectively co-innovate with promising start-ups and fintechs that can support the bank's client and transformation goals. In addition, to expand customer reach, Deutsche Bank plans to list its Google Cloud products on Google Cloud Marketplace, to drive broader adoption of the bank's new cloud native services and solutions. Deutsche Bank
Alphabet
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