Oracle (ORCL) announced Thursday a multi-year collaboration with Germany's Deutsche Bank (DB) to modernize the bank's database technology and accelerate its digital transformation.
Under the agreement, Deutsche Bank will upgrade its existing database systems and migrate the bulk of its Oracle Database estate to Oracle Exadata Cloud@Customer, an on-premises deployment option of the Oracle Exadata Cloud Service.
This will provide a dedicated platform to support and scale the bank's existing mission-critical systems and services including trading, payments processing, risk and capital planning, and regulatory reporting.
The two companies have also agreed to form a joint innovation partnership. Under this, the companies will bring together engineering and technology teams to explore potential uses for data security technologies, blockchain, AI and analytics to shape the design of new financial products and services.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.