Deutsche Bank and IBM have announced an extension of their partnership through a strategic agreement. This deal provides Deutsche Bank with access to IBM's comprehensive software solutions, including business and IT automation tools, hybrid cloud products, and the watsonx AI portfolio. Additionally, Deutsche Bank will utilize the latest upgrades to the IBM Storage Protect software suite.

The collaboration aims to enhance Deutsche Bank's business processes, IT infrastructure, and services. By integrating IBM's technology, the bank seeks to replace outdated systems, improve return on investment, and enhance customer experiences. This agreement builds on the longstanding relationship between Deutsche Bank and IBM concerning the bank's existing software assets.

"IBM is a natural partner for Deutsche Bank's ambitious technology transformation," said Tony Kerrison of Deutsche Bank. "Our employment of IBM's software and tooling strategically complements our ambitions to modernize, simplify and strengthen our technology infrastructure."

Dominic Schulz from IBM expressed pride in deepening their relationship with Deutsche Bank. He stated that with access to IBM's offerings like watsonx AI and automation portfolio, Deutsche Bank could analyze data more deeply, simplify complex processes, and drive IT automation.

IBM is recognized as a global leader in hybrid cloud and AI solutions. It assists clients across 175 countries in leveraging data insights to streamline operations while maintaining competitive advantages. The company's innovations span AI, quantum computing, industry-specific cloud solutions, backed by commitments to trust and service.

Deutsche Bank offers various financial services worldwide with strong European roots and a significant presence globally.