Deutsche Bank to replace core banking platform

Deutsche Bank is set to start a multi-year IT project that will see the replacement of its core banking systems by an all-encompassing SAP platform.

The project is intended to bring standardisation, flexibility and cost-efficiency to the bank’s IT through the use of modular tools within a service-oriented architecture (SOA) environment.

Deutsche said the new set-up, which will comprise partner data, payments, account management and savings applications, is also hoped to boost profitability and accelerate time to market.

“IT is a business driver and catalyst. It needs to be flexible, cost-efficient and scalable to support business growth,” said Deutsche Bank's chief operating officer, Hermann-Josef Lamberti.

“We are looking forward to shaping the industry and setting new standards to manage processes and services even more consistently and efficiently with a new core banking system,” added Lamberti.

Last October, Deutsche Bank's chief operating officer of technology, Daniel Marovitz, told Computing that the bank was looking at re-organising its IT.

“We are in the process of adjusting the start and stop point [of IT], so parts of [the technology] can come much closer to the business,” Marovitz said at the time.

“The intention is that the high-level business and technical architecture and the functional design of the applications will be glued with the product development function in the front office. We want IT to focus on delivery, coding and construction,” he added.