Deutsche Bank's Private Bank selects Thought Machine for radical core banking shakeup
Deutsche Bank's Private Bank has selected Vault Core from Thought Machine as part of a broader programme to reduce the number of core banking systems from 15 to two modern, cloud-based platforms.
Deutsche Bank's Private Bank has chosen Vault Core from Thought Machine as part of a plan to simplify its core banking systems. According to Finextra, the bank aims to reduce its current 15 core banking systems to just two modern, cloud-based platforms.
This move is part of a broader programme to modernize and streamline Deutsche Bank's Private Bank operations. No further details on the programme or implementation timeline were provided.
The selection of Thought Machine's Vault Core is a development in Deutsche Bank's Private Bank's technology strategy, as reported by Finextra.
Brief written by urgent.news from Finextra, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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