Deutsche Bank Technology, data and innovation Non-Financial Report 2022 Digitization and innovation Digitization and innovation – Opening of a new technology center in Berlin – Innovation partnership with NVIDIA announced – Corporate Venture Capital group made further startup investments GRI 2-28 Technology continues to shape clients’ expectations and thus drives disruption in the banking sector. For example, post- millennial clients, who are digital natives, expect banks’ products and pricing models to be more transparent. In addition, digital trends like artificial intelligence are challenging the viability of banks’ business models, while fintech and other new competitors enter the financial services sector. Simultaneously, financial regulation is becoming tighter. These factors have forced banking sector incumbents to rethink their business models and strategies. However, disruption is also an opportunity. New, enabling technologies can provide the basis for innovative products and services that make business activities simpler, more agile, and more efficient. In 2022, the bank continued its engagement with political stakeholders in Berlin and Brussels with a focus on cloud, data and resilience, as well as crypto assets. Among others, Deutsche Bank participated in panel discussions on artificial intelligence, the digital euro and the transition to a sustainable economy. The events helped raise awareness of potential obstacles that regulation may create for innovation and resilience as well as highlighted opportunities of innovative technologies. The bank’s membership in a number of trade associations, such as the Association for Financial Markets in Europe, the European Banking Federation, the Association of German Banks (Bundesverband deutscher Banken – BdB) and the European Financial Services Roundtable, has enabled the bank to play an active role in public discussions that help facilitate consensus on policy issues in the financial industry. Governance GRI 2-13/23/24/25, 3-3 Deutsche Bank has a Technology, Data and Innovation function, headed by the Chief Technology, Data, and Innovation Officer, who is also a member of the Management Board. The function’s purpose is to ensure that the bank’s IT, data, and security agenda is integrated and consistent across all of the organizations’ operational activities, functions, and divisions. It also defines the policies and operational standards on how technology is used in the bank. The Supervisory Board has a dedicated Technology, Data and Innovation Committee (*) that discusses the progress of the bank’s key technology transformation programs on a regular basis and oversees the Management Board work. The bank’s digitization vision is to transform its core businesses by adopting fully digitized, end-to-end banking processes. The aim is to create a digital ecosystem that enables the bank to reach new clients through innovative business models and to increase revenues through platforms that offer the best possible products, including those from third parties. The goal is to draw on the bank’s storehouse of data to generate insights that serve clients and their needs. The bank remains focused on delivering key aspects of its technology strategy, adopted in 2019, aimed at fundamentally changing the way it develops technological solutions. This includes bringing together businesses and technology experts in agile teams, strengthening internal engineering expertise and fostering a new engineering culture by increasing the proportion of engineers in IT roles. In addition, the bank continues to simplify its processes and make them more flexible by modernizing IT infrastructure and adopting cloud solutions where feasible and sensible. In 2022, enterprise architecture principles that provide an objective means of assessing the alignment of the bank’s change programs with strategic intentions continued to be measured with enhanced process key deliverables. The principles cover aspects including data, reuse of components, automation, and security. The bank’s portfolio of change projects is rigorously and consistently evaluated against them, with deviations challenged to ensure progress toward a simpler, more efficient target state architecture. In support of Deutsche Bank’s sustainability strategy, a dedicated Sustainability Data & Technology Program was established in early 2022. It is focused on sourcing and managing sustainability data and integrating it into the technology systems which serve the bank’s business processes. This is aimed at enabling the bank to advise clients on their net zero journey, support the bank’s risk management, as well as allow the assessment of supply chains against the bank’s sustainability goals. In 2022 Deutsche Bank built the capability to capture and manage sustainability data and then use it to support financial reporting for the bank's sustainable finance business. 102