Deutsche Bank Partners with GFT for Core Banking Overhaul

Deutsche Bank has appointed GFT Technologies as its partner for the transformation and integration of a new core banking platform within its Private Bank in Germany. This strategic move aims to simplify the bank's technology landscape and enhance operational resilience by adopting Vault Core, a platform developed by Thought Machine.

This initiative is part of Deutsche Bank’s broader effort to modernize its tech infrastructure. It addresses crucial banking technology aspects encompassing both personal banking and wealth management. GFT will leverage its vast expertise in cloud engineering and AI to ensure a swift and efficient transformation.

The collaboration with GFT builds on a partnership of over 25 years, drawing upon GFT’s global experience in implementing Vault Core within modern cloud-native banking settings. This project's success is anticipated to establish a new industry standard for modernizing core banking systems.