Hewlett Packard Enterprise cloud is at the center of Deutsche Bank’s digital transformation

There’s a change in attitude by financial services firms toward cloud

Published August 2016

Deutsche Bank began a 10-year digital transformation program called Project Nucleus in 2012. It is a multibillion-dollar initiative to modernize the bank’s global IT environment and aims to significantly reduce related IT infrastructure costs. It’s predicated on moving from capex to an opex model.

Under the terms of the agreement, which mainly covers wholesale banking IT infrastructure, HPE is providing managed private cloud products including storage, platform and hosting. It will move the bank’s IT infrastructure from traditional, on-premises IT to a utility/new style of IT based on HPE Helion Managed Private Cloud including a consumption-based, utility pricing model.

It’s a key change from how the bank has been operating. To this end, HPE is assuming financial and operational responsibility for 20 datacenters globally. HPE has around 25% of the entire Nucleus project and within that it is delivering around 70% of the business case, with the bank is responsible for the other 30%.

Brought to you by HPE & Intel®

HPE is the sponsor of this material. By submitting your information you agree to be contacted by HPE on topics of interest. Before deciding please review HPE’s privacy statement.

By clicking the "Download" button, you affirm that you are at least 18 years of age or older.

By clicking "Download" you will be able to access premium content on the Intel® IT Center site and you may receive electronic updates, newsletters, about the latest Intel products, technologies, training and events for IT decision makers. For more information, please review the Intel Terms of Use and Intel Privacy Notice.

You will have to register, or log in, in order to download this paper.

Biting the hand that feeds IT © 1998–2018