Deutsche Bank has contracted with Temenos for the supply and implementation of the Swiss vendor's T24 core banking platform across major parts of its global private wealth management business.
The implementation will cover both front and back office and will include the Temonos Arc CRM package, which was launched in June last year. The Arc system includes modules for operational and analytical CRM process workflow and channel banking.
Pierre de Weck, global head of private wealth management at Deutsche Bank says: "The new state-of-the-art IT platform will enable further profitable business growth, reduced time-to-market for new and innovative product solutions and an increased operational efficiency."
Temenos says the contract with Deutsche Bank is its largest ever.
Andreas Andreades, CEO, Temenos, says the Deutsche Bank deal "is an enormous vote of confidence in our company and our product".