Latest news with #DominicSchulz
Yahoo
29-05-2025
- 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 This way, the bank can phase out outdated systems, improve return on investment, and enhance customer service.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
29-05-2025
- 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.
Business Insider
29-05-2025
- 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
28-05-2025
- Business
- Yahoo
Deutsche Bank to optimise operations with IBM's software suite
Deutsche Bank has announced an extension of its alliance with IBM, focusing on the integration of IBM's software solutions into its operations. The agreement allows the German bank to utilise IBM's extensive range of software offerings, which includes business and IT automation tools, hybrid cloud solutions, and the watsonx AI portfolio. Furthermore, Deutsche Bank will gain access to the latest enhancements in the IBM Storage Protect software suite. Deutsche Bank Group Technology Infrastructure head and AmericasTechnology Data and Innovation head Tony Kerrison said: 'IBM is a natural partner for Deutsche Bank's ambitious technology transformation, and their innovative solutions continue to help optimise and streamline our technology stack. 'Our employment of IBM's software and tooling strategically complements our ambitions to modernise, simplify and strengthen our technology infrastructure.' This collaboration is expected to assist Deutsche Bank in refining its business processes and IT infrastructure. The bank intends to phase out outdated systems, improve return on investment, and enhance customer service through the adoption of IBM's technology. Deutsche Bank IBM global managing director Dominic Schulz said: 'We are proud that Deutsche Bank has further intensified their relationship with IBM by engaging with our innovative software solution portfolio. 'With access to IBM's comprehensive offerings, including the innovative watsonx AI and automation portfolio, Deutsche Bank will be able to analyse its data more deeply, simplify complex business processes, and drive IT automation.' In March this year, Deutsche Bank's Corporate Venture Capital group and Heavybit co-led a Series A funding round for Kosli, which offers automated governance solutions for software delivery. "Deutsche Bank to optimise operations with IBM's software suite" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Cision Canada
27-05-2025
- Business
- Cision Canada
Deutsche Bank Accelerates Digital Transformation with IBM's Software Portfolio
New license agreement gives Deutsche Bank increased access to IBM's innovative software solutions to accelerate innovation, optimize operations, and enhance customer experience FRANKFURT and EHNINGEN, Germany, May 27, 2025 /CNW/ -- Deutsche Bank (Frankfurt: DBK) and IBM (NYSE: IBM) today announced a continuation of their partnership in the form of a strategic agreement that grants Deutsche Bank further access to IBM's comprehensive suite of software solutions. This includes IBM's business and IT automation stack, advanced hybrid cloud products, as well as access to the watsonx AI portfolio. Additionally, Deutsche Bank will benefit from the latest upgrades to the IBM Storage Protect software suite. These innovative solutions enable Deutsche Bank to further optimize its business processes, IT infrastructure, and services. By leveraging IBM's technology, Deutsche Bank aims to replace legacy solutions, maximize ROI, and deliver an enhanced customer experience. This agreement marks a significant continuation of the longstanding relationship between the two companies, particularly in relation to Deutsche Bank's existing software estate. "IBM is a natural partner for Deutsche Bank's ambitious technology transformation, and their innovative solutions continue to help optimize and streamline our technology stack," said Tony Kerrison, Deutsche Bank's Head of Group Technology Infrastructure and Head of Technology Data and Innovation for the Americas. "Our employment of IBM's software and tooling strategically complements our ambitions to modernize, simplify and strengthen our technology infrastructure." "We are proud that Deutsche Bank has further intensified their relationship with IBM by engaging with our innovative software solution portfolio," said Dominic Schulz, IBM Global Managing Director for Deutsche Bank. "With access to IBM's comprehensive offerings, including the innovative watsonx AI and automation portfolio, Deutsche Bank will be able to analyze its data more deeply, simplify complex business processes, and drive IT automation." About IBM IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain a competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformation quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity, and service. Visit for more information. About Deutsche Bank Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network. Media contact: Barbara Jax IBM Corporate Communications [email protected] SOURCE IBM
