Deutsche Bank’s collaboration with German financial software group GFT on its risk and profit and loss (P&L) platform dbPalace enabled the bank to simplify a lot of complex processes, segmenting a 200-strong workforce into ten teams and streamlining 38 processes down to just five.
Adapting to new operating models required Deutsche Bank to overhaul its internal practices. Chris Bezuidenhout, CIO for markets finance at Deutsche Bank, says: “There was a drive from the business to transform the operating model – it took three years of development to create the system.
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