DB - Deutsche Bank Google Cloud in multi-year pact to advance digital finance

Deutsche Bank ([[DB]] +6.1%) inks a multi-year partnership with Google ([[GOOG]] -0.0%) Cloud to accelerate the bank's transition to the cloud and develop new products and services.The move is intended to improve resilience, deliver new capabilities to market quicker, and reduce cost over time. The reducing cost part is particularly important for Deutsche Bank, which has been focused on restructuring and cutting costs over the past couple of years.The collaboration will "enable us to use data more intelligently and provide a flexible and safe environment for us to quickly deliver new products and services," said Deutsche Bank Chief Technology, Data and Innovation Officer Bernd Leukert.Faster application development and the use of advanced artificial intelligence and data analytics tools will help the bank respond more flexibly and more accurately to the most pressing challenges, trends and client needs, the companies said.The two companies are already exploring new lending products to support

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Deutsche Bank, Google Cloud in multi-year pact to advance digital finance