Case Study 1
Case Study 1
Question 4: What solution for Deutsche Bank was proposed? How effective
do you think it will be? Explain your answer.
The solution for Deutsche Bank was proposed by John Cryan – a new
CEO of the bank since 2015. Cryan wanted to ultimately reduce costs
and improve efficiency by laying off thousands of employees. He also
focused on changing the antiquated information systems of Deutsche
Bank. He wanted to improve the banks software and technology so he
appointed technology specialist Kim Hammonds to oversee
reenginerring 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 reconcilations. Along with doing that, Deutsche Bank announced
a 10-yeat, multibillion dollar deal with HP in hopes of improving their IT
infrastructure and technology platform. They also worked with financial
technology startups to improve its technology.
I think it will be very effective but the bank needs a lot of time to get
used to the new technology. These improvements should be in long
term to make sure that all the mistakes they had made in the past were
fixing and help the bank regain their profitability and stability. New
technology and IS will help the bank save a lot of money as well as
making the bank progress to a more secure and efficient system of
banking.