Deutsche Bank: Announces sale of Postbank Systems to Tata Consultancy Services

  • Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products
  • Postbank Systems a full-range captive IT service provider that bundles the IT competence of the former Postbank
  • Tata Consultancy Services an IT services, consulting, and business solutions organization that partners with many of the world’s largest businesses
  • Deutsche Bank and Tata Consultancy Services (TCS) announced an agreement concerning the sale of Postbank Systems AG to TCS
  • Under the terms of the transaction, TCS acquire 100 percent of the shares of Postbank Systems AG from Deutsche Bank AG
  • The acquisition of Postbank Systems will contribute to Tata Consultancy Services continued growth in Germany
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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