Latest news with #DB
Yahoo
5 days ago
- Business
- Yahoo
Deutsche Bank Extends IBM Partnership to Enhance Technology Infrastructure
Deutsche Bank Aktiengesellschaft (NYSE:DB) has extended its alliance with IBM (NYSE:IBM) as it seeks to optimize its operations. The agreement, announced on May 28, 2025, allows the German banking conglomerate to utilize IBM's extensive software portfolio. A business owner discussing commercial business loans with a bank representative. The partnership allows the banking giant to leverage IBM's business and IT automation tools. Others include watsonx AI portfolio and hybrid cloud solutions. This way, the bank can phase out outdated systems, improve return on investment, and enhance customer service. According to Dominic Schulz, Deutsche Bank IBM global managing director, access to IBM's software suite will enable Deutsche Bank to 'analyze its data more deeply, simplify complex business processes, and drive IT automation.' Deutsche Bank and IBM have a longstanding relationship. Before the current partnership, the two companies collaborated to launch Deutsche Bank Labs in 2015. These labs aimed to foster innovation in financial technology (Fintech) by evaluating startups and developing new technologies. In 2017, Deutsche Bank was part of a group that partnered with IBM on a blockchain-based shared Know Your Customer (KYC) proof-of-concept. The current collaboration builds on Deutsche Bank's recent AI initiatives. For instance, the firm revealed a partnership with Singapore-based finaXai on May 26, 2025, to transform tokenized funds servicing. Both partnerships indicate deliberate steps by the bank to leverage cutting-edge technologies to enhance its operations. Deutsche Bank AG (NYSE:DB) is a Germany-headquartered global investment bank and financial services company. It operates in four main segments: Corporate Bank (for financing and transaction banking services), Investment Bank (for risk management, advisory, and capital markets solutions), Private Bank (for serving individual clients with banking and wealth management services), and Asset Management (for investment solutions through its DWS Group). While we acknowledge the potential of Deutsche Bank AG (NYSE:DB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DB and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Deutsche Bank Extends IBM Partnership to Enhance Technology Infrastructure
Deutsche Bank Aktiengesellschaft (NYSE:DB) has extended its alliance with IBM (NYSE:IBM) as it seeks to optimize its operations. The agreement, announced on May 28, 2025, allows the German banking conglomerate to utilize IBM's extensive software portfolio. A business owner discussing commercial business loans with a bank representative. The partnership allows the banking giant to leverage IBM's business and IT automation tools. Others include watsonx AI portfolio and hybrid cloud solutions. This way, the bank can phase out outdated systems, improve return on investment, and enhance customer service. According to Dominic Schulz, Deutsche Bank IBM global managing director, access to IBM's software suite will enable Deutsche Bank to 'analyze its data more deeply, simplify complex business processes, and drive IT automation.' Deutsche Bank and IBM have a longstanding relationship. Before the current partnership, the two companies collaborated to launch Deutsche Bank Labs in 2015. These labs aimed to foster innovation in financial technology (Fintech) by evaluating startups and developing new technologies. In 2017, Deutsche Bank was part of a group that partnered with IBM on a blockchain-based shared Know Your Customer (KYC) proof-of-concept. The current collaboration builds on Deutsche Bank's recent AI initiatives. For instance, the firm revealed a partnership with Singapore-based finaXai on May 26, 2025, to transform tokenized funds servicing. Both partnerships indicate deliberate steps by the bank to leverage cutting-edge technologies to enhance its operations. Deutsche Bank AG (NYSE:DB) is a Germany-headquartered global investment bank and financial services company. It operates in four main segments: Corporate Bank (for financing and transaction banking services), Investment Bank (for risk management, advisory, and capital markets solutions), Private Bank (for serving individual clients with banking and wealth management services), and Asset Management (for investment solutions through its DWS Group). While we acknowledge the potential of Deutsche Bank AG (NYSE:DB) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DB and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and. Disclosure: None.
7NEWS
5 days ago
- Entertainment
- 7NEWS
DB Cosmetics drops the dupe collection of the year with $12.99 fragrances inspired by cult perfumes
Aussie shoppers are obsessed with this new perfume collection that's only $12.99 each but smells like a $611 cult favourite. The six-piece fragrance range that launched this week is already making waves for delivering luxe-level scent experiences without the sky-high price tags. Inspired by best-selling perfumes from prestige houses like Frederic Malle, Fenty, Kayali, and Maison Francis Kurkdjian, this collection makes it possible to smell like a designer label — on a drugstore budget. The standout of the collection is Painted Lady, DB's bold and romantic take on Frederic Malle's Portrait of a Lady, a fragrance that typically retails for a staggering $611. Painted Lady recreates the beloved scent with a lush blend of rose petals, spiced amber, and juicy dark berries. The result is an opulent, complex perfume that feels every bit as elegant and sophisticated — at a fraction of the cost. Amanda Connors, Global Chief Marketing Officer at Total Beauty Network, says the new range is about changing the perception of what affordable beauty can be. 'We wanted to show that smelling incredible doesn't have to cost a fortune. Our new fragrance range is luxurious, long-lasting and crafted with care. It's everything you'd expect from a high-end perfume, without the high-end price.' And Painted Lady is just the beginning. The full collection includes: Fancy: A zesty, floral-musk scent inspired by Fenty Eau de Parfum, blending fruit-forward top notes with a sensual musky base. Burning Love: DB's version of Kayali's Burning Cherry, leans into smoky sweetness with cherry, praline, and rich woods. Fluidité: Inspired by Maison Francis Kurkdjian's Gentle Fluidity Gold, offers warm vanilla, nutmeg, and amber in a comforting, gender-neutral blend. Chaos: A bold white floral homage to Robert Piguet's Fracas, stars lush tuberose with soft gardenia and jasmine. All six fragrances are vegan, cruelty-free, and formulated to last, ticking every box for modern beauty lovers who want ethical elegance without compromise. From the packaging to the performance, DB's Winter fragrance drop is being hailed as one of the most successful designer-inspired perfume collections to ever land in Australian stores.
Business Insider
5 days ago
- Business
- Business Insider
IBM Expands Its Deutsche Bank (DB) Partnership with a New Agreement
Deutsche Bank (DB) and tech company IBM (IBM) have expanded their long-term partnership with a new agreement that gives Deutsche Bank more access to IBM's wide range of software tools. This includes IBM's automation software, hybrid cloud services, and its watsonx artificial intelligence (AI) platform. Deutsche Bank will also get the latest version of IBM Storage Protect, which will improve how the bank protects and manages its data. Confident Investing Starts Here: With these tools, Deutsche Bank plans to upgrade its technology, replace outdated systems, and make its operations more efficient. The goal is to save money, improve returns, and offer better services to customers. This deal continues the strong partnership between the two companies and supports Deutsche Bank's attempt to modernize and simplify its entire tech setup. Tony Kerrison, who oversees Deutsche Bank's technology infrastructure, said that IBM is a natural fit for their digital upgrade plans. Dominic Schulz, IBM's Global Managing Director for Deutsche Bank, added that the expanded deal will help the bank better analyze data, simplify complex tasks, and use automation to improve its IT systems. This partnership is just one of many that IBM has been working on. In fact, it recently teamed up with Ferrari (RACE) in order to launch an app for its fans. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on eight Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $260.62 per share implies that shares are fairly valued.
Yahoo
5 days ago
- Business
- Yahoo
Deutsche Bank Boosts Digital Transformation With Collaborations
Deutsche Bank DB has embarked on a digital transformation drive, focusing on cloud migration, artificial intelligence (AI), and automation to enhance operational efficiency and client services. In sync with this, this week, DB has collaborated with International Business Machines IBM and finaXai, a Singapore-based AI company. DB announced that it reinforced its strategic partnership with IBM through a new license agreement, providing the former with greater access to International Business Machines' advanced software solutions. By leveraging IBM's innovative technologies, Deutsche Bank aims to streamline workflows, reduce operational costs and improve efficiency across all areas of its business. The transition from legacy systems to IBM's advanced cloud and AI solutions will allow DB to develop a more agile, scalable and secure technology stack. IBM's technologies, including the watsonx AI portfolio, will enable Deutsche Bank to deliver more personalized and seamless services to clients, from smarter customer support to tailored financial solutions. The integration of IBM's AI capabilities is expected to not only improve operational efficiency but also enhance fraud detection, risk management and regulatory compliance, leading to substantial cost savings and revenues. Deutsche Bank has announced a strategic partnership with finaXai, co-founded by researchers from Nanyang Technological University and the National University of Singapore. This partnership is expected to significantly expand Project DAMA 2 — Deutsche Bank's public-permissioned multi-chain asset servicing pilot. Notably, Project DAMA 2 intends to transform the management and servicing of tokenized funds and their investors by leveraging digital and AI technologies. Deutsche Bank and finaXai are set to explore the integration of technologies, including Machine Learning and Large Language Models, into asset servicing workflows. The focus will be on leveraging explainable AI to enable asset managers to execute fund lifecycle activities with enhanced speed, precision and transparency. Anand Rengarajan, Deutsche Bank's head of securities services APAC & MEA and global head of sales, stated, 'We are delighted to work with a diverse mix of experts from the academic and innovation worlds to contribute to the future of tokenised assets.' 'Through this collaboration, we unify leading research-backed solutions with industry applications to reduce complexity and boost AI's explainability and integration with DLT. With this work, we seek to better understand and anticipate our asset manager clients' needs as they explore the future of tokenisation,' he added. These strategic collaborations emphasize Deutsche Bank's commitment to adopting innovative technologies to reshape the future of financial services. By broadening its partnerships with IBM and finaXai, DB is not only transforming its technology stack and operational workflows but also setting new standards in digital asset servicing. Through these initiatives, the bank is positioned to enhance efficiency, security and client experience while navigating the evolving landscape of tokenized assets and AI-driven financial services. Over the past six months, DB shares have surged 64.7% on the NYSE compared with the industry's rise of 25%. Image Source: Zacks Investment Research Currently, Deutsche Bank carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This month, Citigroup Inc. C unveiled Citi AI, a range of AI tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by offering support in information retrieval, document summarization and writing electronic communications for employees. Citigroup AI is currently accessible to approximately 150,000 employees across 11 countries, including the United States, India and Singapore. The company plans to expand availability to more markets this year. In November 2024, PNC Financial Services Group, Inc. PNC announced its partnership with GTreasury, a global leader in Digital Treasury Solutions. This collaboration integrated PNC's embedded banking solution, PINACLE Connect, with GTreasury's treasury and risk management platform. PNC introduced PINACLE Connect in 2021 to remove complexities and address client feedback, particularly regarding technology integration and fraud prevention. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C) : Free Stock Analysis Report The PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report Deutsche Bank Aktiengesellschaft (DB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
