To read a German translation of this press release.
NetDocuments, the leading secure cloud-based content services platform for law firms, corporate legal teams and compliance departments, announced that Deutsche Bank, Germany’s leading bank with strong European roots and a significant presence globally, especially in the Americas and Asia Pacific, has chosen NetDocuments as its new global Document Management System (DMS). The NetDocuments true native cloud platform will be utilized by Deutsche Bank’s global legal team, located in 27 countries, with plans for future growth and scale. Deutsche Bank will also be implementing NetDocuments ndMail, artificial intelligence/machine learning-based predictive email filing technology, as well as NetDocuments OCR for advanced document and image management.
As part of its thorough technology review and evaluation, Deutsche Bank’s global legal team challenged NetDocuments to address current as well as future growth, security and extensibility in particular.
“As we talk to global companies and business leaders about their technology challenges and ambitions, the recurring themes of security, scalability, and true native cloud infrastructure stand out,” stated Josh Baxter, CEO of NetDocuments. “The NetDocuments cloud only platform is the ideal fit for Deutsche Bank’s ‘cloud first’, multi-tenant strategy. Our collaboration with Deutsche Bank is based on our world class security pedigree as well as a level of growth-focused scalability which remains unmatched in our market. We are confident Deutsche Bank will be able to execute on its main objectives of accelerating decision making and productivity through consistency afforded by the mature NetDocuments cloud platform.”
Key areas identified by Deutsche Bank as NetDocuments differentiators included:
Scalability: Deutsche Bank was looking for a truly scalable cloud platform to accommodate potentially future growth.
Security: NetDocuments award winning security and compliance-as-a-service solutions are critical for clients due to the complexity of working in different regulatory environments across the globe. NetDocuments maintains the highest level of security and governance accreditations and certifications and meets the most stringent global security requirements through unique capabilities including entropic encryption, data striping across data centers and data residency for sovereignty purposes. Deutsche Bank will be leveraging NetDocuments’ new data centers located in Germany operational in early 2020.
Platform strength: NetDocuments' open architecture and API design is built for extensibility and will allow Deutsche Bank to build on top of the cloud platform to expand and add new functionality.
Collaboration: The NetDocuments platform enables Deutsche Bank to digitally share documents anywhere, anytime in a secure setting.
Stefan Simon, Chief Administrative Officer of Deutsche Bank and Senior Group Director, said: “With this innovative document management system we have found an effective and modern platform which also ensures the highest security and governance standards. It will provide our lawyers with the tools and information they need to ensure more efficiency in their daily business around the globe and share knowledge with colleagues.”
NetDocuments is working very closely with Deutsche Bank’s Legal Digitalization Team as well as its IT groups to design a best in class DMS user experience with security and regulatory requirements at the forefront.
For further information on Deutsche Bank’s NetDocuments strategy, please visit their newsroom.