Deutsche Bank Finalizes Cloud Partnership with Google

Deutsche Bank has employed the services of Google Cloud to speed up its migration of its operations and services onto the cloud. According to a story in The Trade news, Deutsche Bank has finalized a major agreement with Google to migrate its operations and systems to the cloud, including its Autobahn institutional electronic trading platform. The multi-year strategic partnership will see Google Cloud reshape Deutsche Bank’s products and services for up-to-date and managed cloud applications environment to increase flexibility. Several use cases under the partnership were being considered, Deutsche Bank said, including new lending products to support pay-per-use models as an alternative to purchasing assets outright and enhancing the bank’s Autobahn platform to create personalized recommendations. The partnership will also encourage contributions from start-ups and FinTech providers that Deutsche Bank and Google Cloud are looking to co-innovate with to support the bank’s transformation goals.