Deutsche Börse appoints Google Cloud as preferred cloud partner
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Deutsche Börse appoints Google Cloud as preferred cloud partner 09 February 2023Germany Reporter: Bob Currie
Image: AdobeStock/Ar_TH
Deutsche Börse Group has appointed Google Cloud as its preferred cloud services provider for the next 10 years and as a key component in the development of its D7 digital platform.
The Frankfurt-based financial infrastructure group indicates that Google Cloud’s infrastructure, data and analytics capabilities will be key in driving the development of the D7 digital securities platform, as well as facilitating digital innovation and supporting data use cases in the cloud.
Providing more detail on the partnership, Deutsche Börse explains that Google Cloud’s “scalable and secure infrastructure” will underpin the D7 platform, providing a data analytics layer through Google BigQuery and Analytics hub.
This development will help Deutsche Börse to deliver new applications, products and services through the D7 platform, alongside strong regulatory controls and securities features to meet users’ regulatory obligations.
The two companies will establish a data mesh to service a number of Deutsche Börse data distribution and data use cases in the cloud.
This will also help Deutsche Börse to develop an institutional standard ecosystem for digital asset services through a cloud-native Digital Assets Business Platform, offering centralised and decentralised financial infrastructure to support crypto spot and derivatives contracts, with the opportunity to extend this to a wider range of digital asset classes over time.
Deutsche Börse’s chief executive Theodor Weimer comments: “Innovation and technological advancements are at the core of Deutsche Börse Group’s DNA. To trailblaze changing market environments and not only meet but anticipate customer demand, it is key to couple our financial services expertise with the technological prowess of a true market heavyweight.
“Our deep market infrastructure understanding, combined with Google Cloud's technology expertise and scale, will drive tangible success for our business and broader financial markets.”
Thomas Kurian, CEO of Google Cloud, says: “Exchanges sit at the epicentre of the financial ecosystem and have an increasingly important role to play to drive the future of market innovation and efficiencies,. Our partnership with Deutsche Börse Group underscores the wide range of opportunities and benefits that secure and reliable cloud technology, data analytics and AI can have for all market participants.”
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Image: AdobeStock/Ar_TH 