Deutsche Bank & Google Agree To Strategic Partnership

Deutsche Bank said on Tuesday it has agreed a strategic, multi-year partnership with Google to give the German lender access to cloud services and drive innovation in technology-based financial products for clients.

Earlier this year, Deutsche invited bids from Google, Microsoft, and Amazon to overhaul the bank’s outdated and fragmented technology networks.

The deal is part of a 13 billion euro ($14.70 billion)technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.

Full Content: Reuters

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