FRANKFURT (Reuters) – Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said.
FILE PHOTO: The headquarters of Deutsche Bank in Frankfurt, Germany, July 8, 2019. REUTERS/Kai Pfaffenbach/File Photo
The bank’s approach to the U.S. tech companies, which has not been previously reported, is part of a 13 billion euro ($14.20 billion) technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.
Bernd Leukert, who recently joined Deutsche’s board as chief technology officer from software group SAP, is overseeing the initiative.
Deutsche Bank said in a statement: “To help us evaluate our options, we have started a tender process with several cloud providers … we expect to be able to complete the process in the coming months.”
Microsoft and Google declined to comment. Amazon did not respond to a request for…
Source Reuters Tech News