By Joshua Kirby 
 

Deutsche Bank AG said Friday that it agreed a partnership with Alphabet Inc.'s Google Cloud to speed up the bank's transition to the cloud and to create new products and services.

The German bank said the multi-year partnership is the first of its kind in the financial-services industry. The partnership could see new lending products, as well as creating a unified interface for customers to view products from Deutsche Bank and its retail bank Postbank.

Deutsche Bank and Google Cloud also intend to partner with start-ups and fintech companies, the bank said.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

 

(END) Dow Jones Newswires

December 04, 2020 11:18 ET (16:18 GMT)

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