Deutsche Bank has tapped Thought Machine to modernise the core systems supporting its German retail banking business.
Under a global licensing agreement, the bank will use Thought Machine’s cloud-native Vault Core platform as the foundation of its retail modernisation strategy.
Vault Core separates product logic from the underlying cloud infrastructure, allowing Deutsche Bank to develop and deploy products faster while integrating artificial intelligence capabilities.
Development is already underway, with testing planned towards the end of 2026.
The existing and new systems will then run in parallel before products begin moving to the platform in stages from 2027.
The phased rollout in Germany is intended to minimise disruption and maintain service continuity during the transition.
“Modernising our core banking landscape is one of the most significant technology transformations currently underway in the Private Bank.
Vault Core provides a modern, cloud-native foundation that enhances resilience, scalability and flexibility,”
said Christian Rhino, Chief Information Officer at Deutsche Bank.
“Deutsche Bank is setting a clear precedent for how major international banks can modernise their core infrastructure.
Replacing disjointed legacy systems with a modern architecture gives the bank the real-time capability needed to streamline operations, strengthen system reliability, and deliver superior customer experiences at scale. We are delighted to enter into this decade-long partnership.”
said Paul Taylor, CEO and Founder of Thought Machine.
Thought Machine now counts 20 global tier-one banks among its clients.
The company recently reported more than US$100 million in annual recurring revenue and total annual revenue, following year-on-year growth of 57%.
Featured image: Edited by Fintech News Switzerland, based on image by starmultikharisma via Magnific
