Deutsche Bank Ponders Outsourcing IT

In the next few months, Deutsche Bank will conduct a detailed investigation into the possible outsourcing of its IT infrastructure. In this context, the bank understands the term "outsourcing" to be the transfer of IT infrastructure operational responsibility to an

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In the next few months, Deutsche Bank will conduct a detailed investigation into the possible outsourcing of its IT infrastructure. In this context, the bank understands the term “outsourcing” to be the transfer of IT infrastructure operational responsibility to an external service provider. This includes the existing computer centers infrastructure as well as approximately 1,000 employees in various European countries. A defining factor for a possible outsourcing of the IT infrastructure and cooperation with a service provider specialized in this is the circular issued by the German Federal Banking Supervisory Office (BAKred) concerning outsourcing. The security and confidentiality of customer data remain the exclusive responsibility of Deutsche Bank.

The IT infrastructure in Continental Europe involved in the investigation comprises computer centers, smaller server sites and the networks connected to them in Germany, Belgium, Italy, Luxembourg, Poland, Portugal and Spain. The computer centers, servers and networks serve the areas Private Clients and Asset Management, DB Services, Corporate Center and parts of Corporate and Investment Bank. Application development, the project management of new development projects and the maintenance of existing programs are excluded from this. They remain unchanged in the responsibility of the bank.

Through a possible cooperation with a service provider specialized in IT infrastructures, the bank expects not only significant cost savings but also increased flexibility in the use of resources, an acceleration of standardization, an increase in the innovation potential from the transition to new technologies as well as better career opportunities for the IT employees involved. A final decision is not expected by the bank before the end of the third quarter.

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