Tagged: deutsche bank

September 20, 2019 @ 11:10 am By Omar Faridi  |  

Deutsche Bank has acquired a 4.9% stake in Deposit Solutions Gmbh, a Hamburg-based firm that develops accounting software for the real estate and financial services industry. Both parties have decided not to share details regarding the volume of the investment. CEO and founder of Deposit… Read More

September 17, 2019 @ 1:11 am By Omar Faridi  |  

Germany’s largest financial institution, Deutsche Bank, is reportedly joining the Interbank Information Network (IIN), a blockchain-powered platform developed by JPMorgan, the world’s sixth-largest bank. IIN’s pilot was released in 2017, with the goal of reducing the number of international payments rejected due to errors. According… Read More

July 10, 2019 @ 9:29 am By JD Alois  |  

Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) finally announced its plan to dig itself out of its financial hole this past week. Deutsche Bank’s plan entailed a significant downsizing with a workforce reduction of approximately 18,000 full-time equivalent employees to around 74,000 employees by 2022…. Read More

May 10, 2019 @ 9:22 am By JD Alois  |  

The Founders Bank has appointed Kenan Altunis as Chief Executive Officer. Altunis was most recently Global Co-Head of the Institutional Client Group within Deutsche Bank’s Corporate and Investment Bank where he was responsible for a multibillion-dollar revenue operation and a team of over 1000 people…. Read More

March 13, 2019 @ 7:38 am By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced on Wednesday extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms.  According to OnDeck, the amended facilities provide an aggregate of $360 million of committed funding capacity and are… Read More

February 5, 2019 @ 9:14 am By Erin Hobey  |  

The German digital insurance platform Friendsurance, which serves nearly 150,000 customers and works together with 175 insurance companies, now offers its digital bancassurance solutions under the new brand name Friendsurance Business. The expansion was made in  response to the increased demand from banks and insurance… Read More

November 30, 2018 @ 4:49 pm By Cali Haan  |  

A raid initiated yesterday at Deutsche Bank headquarters in Frankfurt has continued into today as 170 police, prosecutors and tax officials look for evidence of money laundering described in the Panama papers, Reuters reports. The raid has involved a comprehensive search of the offices of… Read More

August 28, 2018 @ 10:01 am By Samantha Hurst  |  

Modo, U.S.-based payments technology startup focused on creating interoperability between payment systems, announced on Tuesday it has teamed up with Etihad Airways to co-create a loyalty solutions program. According to the fintech, this new program is for the airline industry as part of the FinTech… Read More

June 19, 2018 @ 3:53 pm By Samantha Hurst  |  

Deutsche Bank announced on Tuesday it has teamed up with Allianz and Auto1 to launch a new fintech called “Auto1 FinTech,” which will offer financing and insurance products to automobile dealerships buying and selling used vehicles via Auto1. The three partners closed the deal last Friday…. Read More

June 15, 2018 @ 7:26 am By Samantha Hurst  |  

On Thursday, Deutsche Bank announced it has launched its new secure digital repository for exchange of documents, eVault, which is described as a legally compliant solution to move securely original electronic files from one party to another while preserving its digital ownership. “The eVault platform… Read More

May 25, 2018 @ 10:45 am By Samantha Hurst  |  

Avaloq, an international fintech providing services and digital solutions to banks and wealth managers, announced on Thursday that Deutsche Bank Luxembourg has adopted its Avaloq Banking Suite. According to Avaloq, more than 150 customers and wealth managers manage $4 trillion in assets with Avaloq, helping everyone from… Read More

May 15, 2018 @ 11:18 am By Samantha Hurst  |  

Deutsche Bank announced on Tuesday it has acquired Quantiguous Solutions, an India-based software company, to strengthen its Global Transaction Banking franchise. Deutsche reported that with the help of Quantiguous it will accelerate the development of its Open Banking platform that forms the core for developing innovative… Read More

May 7, 2018 @ 12:52 pm By Samantha Hurst  |  

Deutsche Bank announced on Monday it has partnered with the International Air Transport Association (IATA), the trade association for the world’s airlines, for a pilot project to test a disruptive new payment model. The bank reported that through the pilot, it will look to reduce… Read More

March 29, 2018 @ 7:28 am By JD Alois  |  

Spotcap, an SME focused online lender based in Berlin, recently held a roundtable on the future of finance. Individuals from prominent firms joined with the Fintech lender to assess progress made so far. Representatives from Deutsche Bank, Figo, GP Bullhound, McKinsey along with Spotcap debated… Read More

January 16, 2018 @ 8:22 am By JD Alois  |  

Deutsche Bank has announced a new strategic partnership with Insurtech firm Friendsurance. The arrangement will see the two companies working together to advise clients and help them take out and manage insurance policies. Deutsch Bank’s goal is to make it more simple, transparent and convenient… Read More

October 10, 2017 @ 12:36 pm By Samantha Hurst  |  

On Tuesday, Deutsche Bank announced it has started implementation for its Artificial Intelligence- Client Communication Center (AI-C³), which will be based on IBM Watson in the German language. While sharing details about AI-C³, the bank revealed: “Deutsche Bank has completed successfully internal Proof-of-Concepts with the IBM partner… Read More

September 21, 2017 @ 12:46 pm By Erin Hobey  |  

iCapital Network, a fintech platform democratizing alternative investments for high-net-worth individuals and their advisors, has entered into a definitive purchase agreement to acquire the US Private Equity Access Fund Platform from the Asset Management division of Deutsche Bank. “We see this deal as an important… Read More

June 5, 2017 @ 5:07 pm By JD Alois  |  

Deutsche Bank has hired Tommaso Zanobini as Managing Director and Global Head of Financial Technology (Fintech), a joint venture between Deutsche Bank’s FIG and TMT banking team. Zanobini was previously at Jefferies where he was most recently the Global Head of Financial Technology and Services… Read More

March 25, 2017 @ 11:36 am By Samantha Hurst  |  

Online lending platform OnDeck (NYSE: ONDK) announced earlier this week it has officially amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility’s maturity date to March 2019 and also increase the facility’s borrowing capacity by approximately $52 million to a total of approximately… Read More

March 22, 2017 @ 1:36 pm By Samantha Hurst  |  

Deutsche Bank announced on Tuesday the opening of its Fintech innovation lab in New York City. This is the bank’s fourth global lab and it is located in Lower Manhattan’s Fulton Center. The lab will explore new technologies focused in various industries, including artificial intelligence,… Read More