Deutsche Bank Private Bank partners with Thought Machine on Vault Core platform rollout

Reuters2026/08/27 08:05

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Deutsche Bank selected Thought Machine’s Vault Core as its future cloud-native core banking platform for Germany’s Personal Banking, Wealth Management.
GFT picked as transformation, system integration partner for the Vault Core rollout, supporting a multi-year overhaul of the Private Bank’s technology stack.
Programme targets cutting core banking systems to two platforms; phased migration from 2027 with parallel running during transition.
Private Bank plans EUR 600 million investment in IT, operations, AI by end-2028; targets about EUR 300 million annual run-rate savings by 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deutsche Bank AG published the original content used to generate this news brief on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Deutsche Bank Private Bank partners with Thought Machine on Vault Core platform rollout

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