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Deutsche Bank announced today that they plan to hire hundreds of technology and data professionals over the next few years. This move is aimed at improving the bank’s technology goals and expanding its global presence in financial services.
According to the Chief Executive Officer of Deutsche Bank, Christian Sewing, these new hires will focus on boosting the bank’s technology and data competencies. Sewing stated, “In the future, we will continue to integrate data software seamlessly into our overall technology architecture.”
The bank has chosen to focus on digital banking as it aims to become more customer-centric. With this in mind, Deutsche Bank has also implemented a plan to modernize and simplify their infrastructure using cloud hardware. They believe that by investing in new technology and data capabilities, they will be able to provide better services to their clients.
Deutsche Bank’s first move in this new strategy was the creation of a technology, data, and innovation division. This division was developed to drive the pace of change and leverage new technology. The division is responsible for developing and executing Deutsche Bank’s technology strategy. They have also been tasked with improving the bank’s existing technology systems and enhancing its data management capabilities.
Another essential component of this plan is to partner with FinTech companies to develop new technology systems. Deutsche Bank has recently collaborated with a FinTech company to create a cutting-edge platform for cash management services. This platform is designed to help small and medium-sized enterprises manage their cash flow more effectively.
In addition to updating its technology, Deutsche Bank has also decided to expand its technology capabilities globally. By investing in technology hubs worldwide, they hope to attract the required talent to help them meet their long-term technology goals.
The hiring plan put forth by Deutsche Bank would involve hiring 1,500 new employees for the bank by the end of this year. These new hires are expected to work in the IT and data spaces to improve all customer service areas within the bank.
In conclusion, Deutsche Bank is making significant investments to enhance its technology and data capabilities. By focusing on digital banking, modernizing its infrastructure, creating a technology, data, and innovation division, and forming partnerships with FinTech companies, the bank is striving to become more customer-centric. Through these efforts, Deutsche Bank aims to provide better services to its clients and improve its global presence in the financial services sector.
