Deutsche Bank, a publicly owned company headquartered in Germany, was founded in 1870 and employs approximately 73,340 individuals. The company reported $68.8B in revenue as of 2025. It operates as a multinational investment bank and financial services company, specializing in providing a comprehensive range of financial services.
Deutsche Bank on Thursday reported progress in simplifying legacy technology within its retail division, noting the selection of a new core banking system as it aims to reduce 15 existing systems to two. On the same day, the bank completed its €1 billion share-buyback program, acquiring 35.7 million treasury shares equivalent to 1.87% of its share capital at a volume-weighted average price of €28, and subsequently initiated another €500 million buyback program. This followed an earlier announcement by Deutsche Bank's Private Bank that it selected Thought Machine's Vault Core platform. This platform will begin replacing a web of 15 fragmented legacy core banking systems, a move described as the most ambitious infrastructure consolidation commitment by a systemically important European bank in 2026 and a clear signal of cloud-native core banking's integration into mainstream operations.
Subscribe for full access to Deutsche Bank's products in full detail
Subscribe for full access to Deutsche Bank's revenue in full detail
Subscribe for full access to Deutsche Bank's products in full detail 
