Tech
Deutsche Bank Says AI Cuts Some Corporate Loan Decisions From Weeks to Minutes
Deutsche Bank says artificial intelligence has cut decisions for some smaller corporate loans from weeks to minutes, and from months to weeks for multinational clients, as Germany's largest lender builds an internal platform to oversee its AI agents.
Photo: Raimond Spekking / Wikimedia Commons (CC BY-SA 4.0).
Artificial intelligence is helping Deutsche Bank cut decisions for some smaller corporate lending from weeks to just minutes, its new technology chief Marie-Jeanne Deverdun told Reuters.
The project, which went live in the summer, also reduces the time taken to make some lending decisions for multinational corporations from months to weeks, said Deverdun, who joined Deutsche Bank's management board this year.
"For smaller corporates, which are less complicated in their setup and their legal structure, we're talking weeks to minutes," Deverdun said in an interview.
Deverdun said Deutsche Bank is also preparing for a future when its AI agents will interact directly with clients' own agents, as lenders are drawn into the debate among technology leaders over whether AI development is moving too fast. "We're spending a lot of resources and budget to continue to protect the bank from those new technologies and threats," she said, adding that managing cyber risk is her number one priority.
Deutsche Bank, Germany's largest lender, plans more than 2.5 billion euros (2.80 billion dollars) in tech spending between 2026 and 2028. By comparison, JPMorgan is budgeting 20 billion dollars for 2026. Banks hope AI will trim costs and boost productivity: Britain's Barclays said last week it was cutting around 5,000 jobs, or 5% of its workforce, this year as it uses the technology, while Citigroup has said AI was now developing products at lower cost and up to 40% faster.
Deverdun said Deutsche Bank had built an internal AI platform known as ADA, named after computing pioneer Ada Lovelace, to develop, monitor and control AI agents. "We're already preparing for an agentic economy where our agents interact with the agents of our clients with clear accountability and the right controls," she said.
Source: Reuters
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