Deutsche Bank Private Bank partners with Thought Machine on Vault Core platform rollout
DB•Investment and savings targets through 2028
The Private Bank plans to invest EUR 600 million in IT, operations and AI by the end of 2028, and targets about EUR 300 million in annual run-rate savings by 2028.
GFT picked as transformation and integration partner
GFT has been picked as the transformation and system integration partner for the Vault Core rollout, supporting a multi-year overhaul of the Private Bank’s technology stack.
Deutsche Bank selects Vault Core for future Private Bank platform
Deutsche Bank Private Bank has selected Thought Machine’s Vault Core as its future cloud-native core banking platform for Germany’s Personal Banking and Wealth Management.
The programme targets cutting core banking systems to two platforms, with a phased migration from 2027 and parallel running during the transition.
