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  • Case 1 Did Info Systems Cause Deutsche Bank To Stumble Copy of Case 1 Did Info Systems Cause Deutsche Bank To Stumble

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    Deutsche Bank faced problems due to outdated technology that made it difficult to secure financial data. This led to higher costs and regulatory issues. Management was not well informed about security problems. The bank's IT was related to operational efficiency, decision making, and business strategy, but outdated systems hindered its ability to pursue strategies effectively. The proposed solution was to appoint a new CEO and CTO to overhaul systems, cut costs by laying off employees, improve controls, automate processes, and sign a deal with HP to upgrade the IT infrastructure. This comprehensive solution focused on both costs and technology, so it was expected to effectively address the bank's issues.

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    Deutsche Bank faced problems due to outdated technology that made it difficult to secure financial data. This led to higher costs and regulatory issues. Management was not well informed about security problems. The bank's IT was related to operational efficiency, decision making, and business strategy, but outdated systems hindered its ability to pursue strategies effectively. The proposed solution was to appoint a new CEO and CTO to overhaul systems, cut costs by laying off employees, improve controls, automate processes, and sign a deal with HP to upgrade the IT infrastructure. This comprehensive solution focused on both costs and technology, so it was expected to effectively address the bank's issues.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    919 views3 pages

    Case 1 Did Info Systems Cause Deutsche Bank To Stumble Copy of Case 1 Did Info Systems Cause Deutsche Bank To Stumble

    Uploaded by

    abbey89
    Deutsche Bank faced problems due to outdated technology that made it difficult to secure financial data. This led to higher costs and regulatory issues. Management was not well informed about security problems. The bank's IT was related to operational efficiency, decision making, and business strategy, but outdated systems hindered its ability to pursue strategies effectively. The proposed solution was to appoint a new CEO and CTO to overhaul systems, cut costs by laying off employees, improve controls, automate processes, and sign a deal with HP to upgrade the IT infrastructure. This comprehensive solution focused on both costs and technology, so it was expected to effectively address the bank's issues.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 3

    lOMoARcPSD|5326323

    Copy of Case 1 Did Info Systems Cause Deutsche Bank to


    Stumble
    Business Information Systems I (Ryerson University)

    StuDocu is not sponsored or endorsed by any college or university


    Downloaded by Grace Manalo ([email protected])
    lOMoARcPSD|5326323

    1-12
    Identify the problem described in this case study. What management, organization, and
    technology factors contributed to this problem?

    The problem relates to a higher cost of funding because the central bank strengthen their rules
    and regulations while the company has no reliable assets with a yield down the road. Because of
    dual impact banks, banks are limiting their restrictions in terms of lending.

    Contribution of Management/People:​ The problem is related with security. There was a lack
    of communication in updating the management about the security problems they were facing in
    which they could have protected themselves sooner against the attacks if they were being kept
    up-to-date.

    Contribution of Organization:​ The organization did not create effective strategies which
    resulted in them facing lower revenue as well as many critical situations

    Contribution of Technology:​ Deutsche Bank was using outdated technology which made it
    very difficult for them to secure important financial data in their systems

    1-13
    What was the role of IT at DB? How was IT related to the bank’s operational efficiency, decision
    making capability and business strategy?

    With progresive growth in the market, Deutsche Bank wanted to improve in terms of its position
    and they wanted to handle its processes more efficiently. That is why they used information
    technology. Information technology has contributed to cross examining fundamental aspects
    which leads to improvement in the Deutsche Bank.

    Information Technology Related To Operational Efficiency:​ When a firm uses information


    technology it seems helpful due to the fact that it increases the company’s operational efficiency.
    With the use of information technology they choose appropriate processes which results in
    improving their overall position in the market.

    Information Technology Related To Decision Making Capabilities And Business Strategies:


    With the application of IT, the company makes decisions very precisely and quickly. Improved
    technologies allowed banks as well as the relationship with the employees better mainly because
    of strong communication between the employees and the banks revolving around IT. even

    Downloaded by Grace Manalo ([email protected])


    lOMoARcPSD|5326323

    though IT improves business strategies, through thus the Deutsche Bank can choose the best
    strategy possible.

    1-14
    Was DB using technology effectively to pursue its business strategy? Explain.

    Throughout the article, there were many statements brought up regarding the poor performance
    in technology on behalf of Deutsche Bank It was repeatedly stated that the technology was
    “inadequate”, antique, as well as fragmented. It states in the article: “U.S.regulators have
    identified Deutsche Bank's antiquated technology as one reason why the bank was not always
    able to provide the correct information for running its business properly and responding to
    regulators.”.This clearly indicates how Deutsche Bank were incapable of properly organizing
    their clients information. Aside from that, technology seemed to be apart of many of their
    business strategies

    1-15
    What solution for DB was proposed? How effectively do you think it will be? Explain your
    answer.
    The solution that was proposed for Deutsche Bank was to first bring in John Cryan as the new
    CEO of the company. After that, Cryan wanted to ultimately reduce costs and improving
    efficiency by laying off thousands of employees. Through this idea, Cryan wanted to improve the
    banks software and technology so he appointed technology specialist Kim Hammonds to oversee
    reengineering and the banks information systems and operations. Deutsche Bank also decided to
    withdraw from high-risk client relationships, improve its control framework, and also its
    automating manual reconciliations. Along with doing that, Deutsche Bank announced a 10 year,
    multibillion dollar deal with HP in hopes of improving their IT infrastructure and technology
    platform. In my opinion, I believe the solution will be very effective due to the fact that it helps
    save the company a lot of money long term as well as making the bank progress to a more secure
    and efficient system of banking.

    Downloaded by Grace Manalo ([email protected])

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