By Pietro Lombardi 
 

Deutsche Bank AG said Thursday that is partnering with Oracle Corp. to modernize its database technology and move faster on its digital transformation plans.

Under the multi-year agreement, the bank will upgrade its existing database systems and migrate the bulk of its Oracle Database estate to Oracle Exadata Cloud@Customer.

The parties will also launch an innovation partnership, with engineering and technology teams from the two companies working together on potential uses of data security technologies, blockchain, artificial intelligence and analytics in the design of new financial products and services.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

June 24, 2021 04:01 ET (08:01 GMT)

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