In 2018, Deutsche Bank embarked on CRAFT, a five-year program to overhaul the technology underpinning the bank’s global credit risk function, a department of around 1,000 colleagues who support decision-making across the organization. Now complete, the program has not only transformed the bank’s ability to monitor, manage, and mitigate risk, but it has also generated over €10m in savings by decommissioning more than 10 legacy applications, increased function productivity by 10%, improved data quality by consolidating hundreds of data sources into a single data store, and cleared a path for the system’s imminent migration to the cloud.

See webinar link below for a video interview with Kenneth Roper, Director of Credit Risk Technology, Deutsche Bank.