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Deutsche Bank: The Cost of Legacy Systems (solves by (multi-bilion dollar…
Deutsche Bank: The Cost of Legacy Systems
is
one of the world's top financial companies
offers
a range of financial products and services
products for mortgages, consumer finance, credit cards, life insurance and corporate pension plans
is in trouble with US regulators
for what?
its inability to fulfill swap reporting requirements
reporting problems
problems with the integraty of certain data fields
why?
system outage
failed to have adequate business continuity and sisaster recovery plan
antiquated technology
poor information systems
many tasks being handled manually
bad management
solves by
hiring a technology specialist as COO to oversee the reengineering og the bank's information system and operations
multi-bilion dollar deal with HP
for what?
standardize and simplify IT infrastructure
reduce costs
create a more modern and agile technology for launching new products and services
provide computing services, hosting, and storage
migrating to a cloud computing infrastructure
will become
mobile, Web and other applications
more reliable in its control framework and automating manual reconciliations