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Deutsche Bank Private Bank selects Vault Core for core banking overhaul

Deutsche Bank logoDeutsche Bank
Sig3.08Sen+3.45Env0.00Soc+0.78Gov+0.60

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.

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