Deutsche Bank’s tech transformation includes Oracle Cloud

With more than 40 petabytes of data in Oracle Databases, Deutsche Bank is embracing Oracle Exadata Cloud@Customer in a move that brings big cost savings.


Oracle fits into [our] strategy and complements our existing journey. There will be applications staying in the on-premises world, and we need to invest in simplifying them. It fully supports our cloud strategy, supports consuming technology as a service, and comes with significant financial benefits.

Bernd LeukertHead of Technology, Data and Innovation, Deutsche Bank


As a turnaround effort by Germany’s Deutsche Bank gains momentum, its work with Oracle to modernize the data handling software behind key trading, risk management, and capital planning underlines technology’s importance in helping banks gain a competitive edge. CEO Christian Sewing has made modernizing the bank’s technology one of his signature efforts, aiming to simplify a range of platforms and hosting arrangements.

Oracle Databases underpin the majority of Deutsche Bank’s applications and store more than 40 petabytes of its data. In June 2021, the bank said it will move databases worldwide to more current versions running on Oracle Exadata Cloud@Customer, which provides high-performance database services managed by Oracle in a private cloud.

Bernd Leukert, head of the bank’s technology, data, and innovation, has embarked on an IT modernization plan that aims to simplify the bank’s operations, exercise better controls, and reduce expenses. By the end of 2022, the bank plans to slice €1 billion ($1.18 billion) from technology costs.

Why Deutsche Bank Chose Oracle

Deutsche Bank turned to Oracle Cloud as part of the bank’s effort to lower costs, add capabilities, and keep certain data on-premises to help it continue complying with European data protection rules.

In a demonstration of how large companies are increasingly turning to multicloud environments, the bank in 2020 struck a public cloud partnership with another cloud provider for other workloads.


The Oracle migration, to unfold over the next three to five years, is expected to save the bank triple-digit millions of euros in costs.

In contrast to software that runs in the public cloud, Oracle Exadata Cloud@Customer database service run in the bank’s own computing centers. That arrangement lets Deutsche Bank, which is one of Germany’s largest, keep control of customer data, while Oracle handles encryption and software updates. The Cloud@Customer deployment also delivers lower network latency compared with public clouds, especially critical for banking applications that require near real-time responses to market events.

“In the old days this would be our responsibility,” Leukert says. “This is a big relief for us as well from a people, skill, and competency level. Process complexity drives costs.”

Deutsche Bank plans to hire about 2,000 IT pros in 2021, many of them software engineers. The aim is to have engineering talent make up half of the bank’s technology organization by the end of 2022.