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Deutsche Bank (New CEO Goals (Lead to solutions (10-year deal with HP #…
Deutsche Bank
New CEO Goals
Lead to solutions
10-year deal with HP
#
Standardize and simplify IT infrastructure
Technology platform to launch new products and services
Deutsche Bank can focus on application development
allowed the development of
Web Applications
Applications tailored to customers' banking preferences
Mobile Applications
Computer-based trading software
Technology specialist appointed as COO
Withdrawing high-risk client relationships
Improved control framework
Modernized IT infrastructure
Run-the-bank costs reduced by 800 million euros
Improve Efficiency
Standardize Bank systems
Reduce Costs
Eliminate legacy software
Improved reporting
Starndardized and enhanced data
Problems faced:
#
Customer pressure for innovative products
Regulatory pressure for a flawless reporting system
Antiquated IT Systems not able to answer to the industry demands
Lack of adequate supervision
Three groups of factors
Management and people
Failing to supervise employees responsible for swap data reporting
Teams reluctant to share data
Lack of technology experience and knowledge at management level
Organization
Bank promotes internal competition
Decades of expansion and acquisitions without proper integration
Regulatory changes in banking industry
customer demand for new products and services
Technology
Old and incompatiblle applications
Outage in the swap data reporting system
Outdated and inadequated IT infrastructure
caused mainly by:
achieved: