Digitization within the bank is aligned to business needs, with ownership residing within the individual business or infrastructure units. Each of the bank’s three divisions (Corporate & Investment Bank, Private & Commercial Bank, and Deutsche Asset Management) have dedicated digital leadership functions to drive digital initiatives and transformation within their business division, depending on their requirements.
The divisions are supported and augmented by shared digital and innovation capabilities. Our Innovation Labs are located in Berlin, London, New York, and Silicon Valley. They work in partnership with our businesses to identify solutions in the external ecosystem that enhance, improve, and reimagine the way we serve our clients. Data Science & Analytics operates across three hubs in Dublin, London, and Pune. These centers have delivered over 50 proof-of-concepts for several of our businesses using technologies such as our secure, distributed, high-performance data repository and a range of artificial intelligence techniques. The Digital Factory brings together agile, cross-functional teams to deliver digital banking products. We also have a number of external partnerships, including Axel Springer Plug & Play, The Floor, H-Farm, and a collaboration with the Massachusetts Institute of Technology (MIT) initiative on the Digital Economy.
Our Global Digital Forum is a Group-wide body that facilitates alignment and exchange on digital initiatives between the divisions. It is chaired by the bank’s head of Data, Digital Strategy and Innovation. Other members include the digital leaders in each of the divisions. During 2017, we established the Digital Strategy team to ensure that the bank acts in a cohesive and coherent manner on digitization. The Digital Strategy team works closely with the Global Digital Forum members.
The digitization of Postbank is part of our wider program to integrate Deutsche Bank and Postbank. One of the implementation project’s workstreams is developing an aligned digitization strategy for the new Private & Commercial Bank with synergies and innovation for both brands and their customers.