The German Bank works soon closely with Google. The financial institution announced on Tuesday a strategic partnership with the Google Cloud in order to develop financial services and offer. On the one hand, the Bank wants to use Cloud services from Google and their technology re-align. On the other hand, Deutsche Bank is planning with the new Partner technology-based financial products to emerge.
The Deutsche Bank building on it, with the help of Google to have access to artificial intelligence and machine Learning. As potential applications that can arise from the fact, mentioned the Bank's improved risk analysis and advanced security solutions to protect customers ' accounts. Christian Sewing, chief Executive officer of Deutsche Bank, talks about the partnership with the strategic Transformation a big boost. "We want to show that we are determined to invest in our technology, because our future is closely connected with our success in the digitisation," he said.
The companies have signed a Memorandum of understanding. In the next few months a multi-year contract to seal the business relationship between the largest German financial institution, and the American technology group. "For more than 150 years, the Deutsche Bank is a pioneer in the banking industry, and you can refer to a strong tradition of Innovation in the area of financial services," said Sundar Pichai, the Executive Chairman of Google and the Alphabet.Updated Date: 07 July 2020, 11:19