Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the...
FRANKFURT - Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said.
Bernd Leukert, who recently joined Deutsche’s board as chief technology officer from software group SAP, is overseeing the initiative. The three U.S. tech groups set up shop on site at Deutsche Bank in Frankfurt last week to come up with proposals to fix technology and partner on projects across the bank, two of the people said.
In addition to helping to streamline and update technology, one idea under consideration is to set up a corporate credit marketplace that Deutsche and the technology company would own, one of the people said. It would be open to companies and other banks as a brokerage for loans.
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