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November 10, 2016
In an interview with German magazine ‘International Bankers Forum’ Kim Hammonds, member of the Management Board and Group Chief Operating Officer of Deutsche Bank, talks about first successes in transforming the bank’s IT systems, and how Deutsche Bank will operate in 2020.
Hammonds calls banks “technology firms in the banking business”, highlighting that bankers are needed who understand banking and regulation, and to have an understanding of their clients as well as their changing needs. “This is what Deutsche Bank stands for. But technology is what is driving everything”, she added. Deutsche Bank will be less complex in the future. “Our focus is on configuring the Bank for the long run. We have to drive efficiency by automating and digitalising. The staff are really important in this context”.
Read the full interview here.
Selected interview quotes:
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