DB, Google Cloud agree on multi-year strategic deal

Tuesday, 07. July 2020 09:30

Deutsche Bank AG announced on Tuesday it reached an agreement on a multi-year strategic partnership with Google Cloud, aiming to accelerate the bank's "cloud transition and build on the engineering capabilities of both companies."

"By bringing together the best of both cultures, we look forward to creating new business models leveraging artificial intelligence, data analytics, and more, with an established technology and innovation leader," Deutsche Bank’s Chief Technology, Data and Innovation Officer Bernd Leukert said in a statement.

DB noted that both parties have signed a Letter of Intent, planning to sign a multi-year contract within the next few months.

Related Links: Deutsche Bank AGAlphabet Inc.
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Breaking the News / GA