Deutsche Bank retail arm plans to cut core banking systems to two cloud platforms by 2028
DB•Retail banking overhaul through 2028
Deutsche Bank mapped a multi-year overhaul to cut retail core banking systems to two cloud platforms under its strategy cycle through 2028.
- Thought Machine’s Vault Core will become the core platform for German personal banking and wealth products, targeting faster product launches.
- Rollout plans call for testing by year-end, parallel running during transition, then phased product migrations starting in 2027.
- The program targets EUR 600 million investment by end-2028, aiming for about EUR 300 million annual run-rate savings by 2028.
- GFT was picked as transformation and systems integration partner for the Vault Core implementation.
