Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank's outdated and fragmented technology networks, people with knowledge of the matter said.
The bank's approach to the U.S. tech companies, which has not been previously reported, is part of a 13 billion euro technology investment Deutsche has planned up to 2022 as it restructures to recover from years of losses.Bernd Leukert, who recently joined Deutsche's board as chief technology officer from software group SAP, is overseeing the initiative.
The three U.S. tech groups set up shop on site at Deutsche Bank in Frankfurt last week to come up with proposals to fix technology and partner on projects across the bank, two of the people said. "To succeed, we need to fundamentally shift how we build technology and move to a new way of working," they wrote.