Deutsche's Overhaul Is Corporate To The Core

Johnson, Andrew
January 2011
Bank Technology News;Jan2011, Vol. 24 Issue 1, p7
Trade Publication
The article reports on the move of Deutsche Bank AG in converting to a single core banking system in order to support its Global Transaction Banking operations in the U.S. It notes that the company chooses to upgrade to one core system because its ability to generate fee-based revenue on the retail side is constricted. The core system was developed by Tata Consultancy Services Ltd. that has several benefits which include licensing, maintenance and implementation and post-implementation support.


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