Deutsche Bank Private Bank selects Vault Core for core banking overhaul
Deutsche Bank’s Private Bank will simplify its global banking stack by cutting core systems from 15 to two cloud-based platforms. It selected Thought Machine’s Vault Core to modernise the bank’s technology foundation, enabling progressive migrations starting 2027 for resilience and continuity. The multi-year plan includes about €600 million of investment in IT, operations and AI by end-2028.