Case Study: Deutsche Bank achieves €10m savings and improved credit risk management with GFT

Deutsche Bank cuts credit risk processing time and boosts productivity by 25% with GFT

Deutsche Bank, a leading global bank, faced the challenge of modernizing its outdated and complex credit risk technology system. The legacy system, comprised of over ten standalone applications, led to data duplication, manual errors, and an inability to keep pace with technical developments and stringent regulations. To address this, the bank engaged vendor GFT for its financial technology expertise to overhaul the system and implement a new data management architecture.

GFT implemented a comprehensive solution that included redeveloping critical applications, introducing a microservices architecture on a private cloud, and consolidating over 200 data sources into a single source of truth. This transformation, managed using Agile methodologies, resulted in over €10 million in savings, a 25% improvement in Risk Manager productivity, and a drastic reduction in report-generation times. The project, delivered by GFT, also future-proofed the bank's regulatory posture, ensuring compliance with existing and upcoming regulations.

Deutsche Bank