Deutsche Bank and IBM have announced a strategic agreement to extend their partnership, allowing Deutsche Bank access to IBM's extensive software solutions. This includes IBM's business and IT automation stack, advanced hybrid cloud products, and the watsonx AI portfolio. Additionally, Deutsche Bank will utilize the latest upgrades to the IBM Storage Protect software suite.
The collaboration aims to enhance Deutsche Bank's business processes, IT infrastructure, and services by replacing legacy systems and maximizing return on investment. Tony Kerrison of Deutsche Bank stated that "IBM is a natural partner for Deutsche Bank's ambitious technology transformation," emphasizing the importance of modernizing their technology infrastructure.
Dominic Schulz from IBM expressed pride in strengthening ties with Deutsche Bank through this engagement. He noted that "with access to IBM's comprehensive offerings," Deutsche Bank could simplify complex processes and drive IT automation.
IBM is known for its global expertise in hybrid cloud and AI solutions, serving clients across various industries worldwide. The company emphasizes trust, transparency, responsibility, inclusivity, and service.
Deutsche Bank offers a wide range of banking services globally and is recognized as Germany's leading bank with strong European roots.