It is, truth be told, more than just a bank; it is a vibrant symbol of Germany’s financial might and a lasting reminder of the powerful presence the country occupies in the firmament of financial institutions and banking services in all of Europe.
It’s got an extensive presence all across Europe and not just that; has its tentacles across Asia Pacific region. It’s Deutsche Bank and it has across its name, a checkered history of serving societies, cultures and public for the past 152 years, having been founded way back in 1870.
Hypothetically speaking, if you were to Google search your way towards understanding how to open a bank account in Germany, then perhaps one in every three search results would guide you to the Deutsche Bank!
And on the other hand, Berlin, is in many ways, the beating heart of Western Europe, alongside cities like Brussels and Paris.
Berlin, besides being ever so steeped in history, one that is mostly warring, but also telling has bounced back in the past seven decades into being a behemoth of thriving economic and cultural development.
It’s denizens have- and rightly so- moved on from the rather stigmatic image of the Second World War and the world has accorded Berline a place of profound economic, recreation, touristic eminence.
Perhaps which is why one hears about Berlin today just as frequently as one hears about Paris.
It is to Germany what New York is to the United States and what Mumbai is to India. So when the two, i.e., Berlin and Deutsche Bank come together, as they have in an interesting collaboration in the recent times, the end result is a technology centre that has a win-win for everyone.
Acting as a support system to elevate the ambitions of the Investment Bank as well as the Corporate Bank, both parts of Deutsche Bank, the New Technology Centre in Berlin will act as a catalyst to meet the end goals and further the reach of the organisation.
An organisation, which it can be said, is the heartline of German private banking akin to the nerve centre of the human body.
Having said the above, it’s important to reflect on what the Deutsche Bank corporate site had to say on the sphere of the opening of the new technology centre in Berlin:
Berlin is a thriving location for technology and fintech companies, with a strong support network of academic institutions, large corporates, and innovative communities. It has the second biggest startup scene in Europe and benefits from a diverse talent pool. The city is a hub for Artificial Intelligence and Machine Learning expertise, which represents a key opportunity for the bank to create significant value for its clients and further enhance the efficient running of its operations.
“Our Technology Centres play a key role in our technology transformation in close partnership with our businesses,” said Bernd Leukert, Chief Technology, Data and Innovation Officer. “Growing our presence in Berlin will attract talent, add high quality developers to our platform, and build up critical AI expertise to help redefine banking and contribute to our sustainable growth goals.”
Deutsche Bank’s Technology Centres deliver application development and support to the bank’s businesses and infrastructure functions and currently operate in the US, Europe and Asia.
Having said that, Gerrit Einhoff, who happens to be the Chief Information officer of the Corporate and Investment Bank will be leading the Technology Centre.