Deutsche Bank has announced an extension of its alliance with IBM, focusing on the integration of IBM’s software solutions into its operations.

The agreement allows the German bank to utilise IBM’s extensive range of software offerings, which includes business and IT automation tools, hybrid cloud solutions, and the watsonx AI portfolio.

Furthermore, Deutsche Bank will gain access to the latest enhancements in the IBM Storage Protect software suite.

Deutsche Bank Group Technology Infrastructure head and AmericasTechnology Data and Innovation head Tony Kerrison said: “IBM is a natural partner for Deutsche Bank’s ambitious technology transformation, and their innovative solutions continue to help optimise and streamline our technology stack.

“Our employment of IBM’s software and tooling strategically complements our ambitions to modernise, simplify and strengthen our technology infrastructure.”

This collaboration is expected to assist Deutsche Bank in refining its business processes and IT infrastructure.

The bank intends to phase out outdated systems, improve return on investment, and enhance customer service through the adoption of IBM’s technology.

Deutsche Bank IBM global managing director Dominic Schulz said: “We are proud that Deutsche Bank has further intensified their relationship with IBM by engaging with our innovative software solution portfolio.

“With access to IBM’s comprehensive offerings, including the innovative watsonx AI and automation portfolio, Deutsche Bank will be able to analyse its data more deeply, simplify complex business processes, and drive IT automation.”

In March this year, Deutsche Bank’s Corporate Venture Capital group and Heavybit co-led a Series A funding round for Kosli, which offers automated governance solutions for software delivery.