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Transforming Our Technology Environment with Google Cloud

When I joined Deutsche Bank in 2019, we embarked on an ambitious journey to transform our technology environment by transitioning to the public cloud. This bold move required a partner with strong leadership in data and AI, and Google Cloud emerged as the ideal choice for us.

A Successful Migration

This leap forward has paid off, as we have successfully migrated approximately 260 applications to Google Cloud, including business-critical systems. This has enabled us to quickly deploy generative AI technologies, thereby driving innovation and growth.

Our Partnership with Google Cloud

To achieve this, we worked closely with Google Cloud to implement a tailored migration strategy. Our approach involved:

• Implementing strong controls to ensure the safe transfer of our applications and data to the public cloud
• Migrating non-critical applications first to gain experience and confidence with cloud technology
• Building new applications natively in the cloud, such as our Frontier Finance platform
• Implementing a hybrid cloud solution for our Autobahn FX trading platform
• Migrating one of our core finance platforms – SAP S4/HANA – to Google Cloud, a complex migration involving the move of 17 financial reporting systems

Benefits of Our Partnership

The effort was worth it, as we have seen significant benefits, including:

• Data processing improvements of up to 50%
• A reduced recovery time by a factor of 16-20
• Our strategic risk management system running on Google Cloud, utilizing high-performance compute and advanced data analytics

Investing in Employees and AI Tools

The cloud enables us to adapt and scale our technology easily, allowing us to respond to market fluctuations and customer needs with unprecedented speed. We have removed bottlenecks from our processes, enabling us to deploy new products more quickly. Crucially, the cloud provides the immense computing power needed to leverage artificial intelligence.

Investing in Our Employees

Google Cloud is also helping us invest in our employees, ensuring we have the talent to lead in the digital age. We created the Cloud Engineer Program, which helped us train over 6,000 employees in cloud and AI skills. We work closely with Google Cloud to run hackathons and application migration sprints.

Bringing Generative AI to Our Company

Our Google Cloud partnership gives us access to the Vertex AI platform and powerful large language models like Gemini. We can securely experiment with new Gemini models before their public release. Here are a few examples of how we are already using generative AI:

• Processing Documents: We are using a generative AI solution to automate the processing of thousands of documents daily, achieving 97% accuracy and reducing handling time by 40%.
• Offering Employees AI Assistants: Our new Digital Assistant helps Deutsche Bank’s employees, currently in research and origination & advisory, to curate accurate and consistent content, reducing manual effort involved in preparing reports, analysis, and other critical business outputs.
• Developing New Software: Generative AI is assisting our developers, helping them write code faster, find bugs more efficiently, and improve documentation.

Continuing to Innovate

We will continue to use our partnership to find new ways to bring generative AI to our products and to our employees. We hope that our work will also set new standards for the entire industry.