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Deutsche Bank: The Cost of Legacy Systems (John Cryan -CEO…
Deutsche Bank: The Cost of Legacy Systems
Financial products and services
Central role in German economic life
Worlds largest portfolio of derivatives
2008 Banking crisis
US Regulator
Sale of toxic mortgage sucurities
CTFC
Lack of supervision
Disaster Recovery Plan
Incomplete and untimely credit default swap data
System Outage
Reporting swap data
Discovery and creation of new problems
Integrity of data fields
Disaster recovery plan
Business continuity
Poor Information Systems
Integration of Information Systems
Not suited to manage large bank operations
Flow of information
Several identifiers for the same customer
Competition between employees
Manual reconciliation of data
High Costs and Effort
Lack of IT experience at the board of directors
John Cryan -CEO
Reduce costs
Outdated Information Systems
Finding new sources of profit and growth
Controling costs
Improve Efficiency
focusing
noted
Inefective Business Processes
Inadequate technology
Manually handle tasks
Standardization of the bank's systems and procedures
Elimination of Legacy Software
Standardizing and Enhancing Data
Reporting
Reduce Costs
Launch new products and services
Cloud Computing Infrastructure
Mobile and Web Applications
Computer-based trading software
offers
plays
has
survived
complaints from
experienced
prevented from
led to
failed
became
objective
empediment to
HP deal
improvements