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Recommended Read: Inside Deutsche Bank’s “dysfunctional” IT division

Short summary of issues at one of the biggest banks.

Some Snippets

“John Cryan presented his “Strategy 2020″ plan in October 2015, he expressed his intention of eliminating 6,000 Deutsche Bank contractors and cutting the bank’s operating systems from 45 to four. Two and a half years later, Deutsche still has 32 different operating systems”

“you’d have one platform that had been set up by the exotics guys and then someone else would come along and say they liked that, but wanted their own functionality. They’d go off and make “enhancements” and then you’d have two different platforms that weren’t talking to each other”

“rationalizing IT systems is a matter of internal politics”

“Only by changing all the systems would the program be depoliticized”

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