Deutsche Telekom links with bank for logistics play - Mobile World Live

Deutsche Telekom links with bank for logistics play

22 JUL 2022

Deutsche Telekom partnered Commerzbank to develop digital supply chain systems with integrated financial services which use 5G, AI, IoT, blockchain, sensors and cloud technology.

Announcing the move, the German operator stated its enterprise IT subsidiary T-Systems was already working with Commerzbank on a pilot system for a client in the logistics sector.

The aim of the tie-up is to offer enterprises efficient and transparent supply chains, intelligent warehouse management, automated financial services and supply-related cost savings.

Deutsche Telekom and Commerzbank plan to move the whole chain to digital technology.

Part of the rationale for the move is the pair’s assessment supply chains currently used by businesses involve too many manual stages, lack transparency, are complex, static and prone to error.

T-Systems CCO Urs Kramer said the partners aimed to “bring the world of technology and finance together” adding companies “need technologies like 5G, IoT and the cloud [to] share digital information with everyone in the supply chain globally”.

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Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved...

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