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, cloud technology, and cyber securities.
According to the bank, the innovation labs are looking to achieve the following goals:
- Help the bank evaluate and adopt emerging technologies
- Develop a culture of innovation
- Contribute to the bank’s digital strategy
Elly Hardwick, Head of Innovation at Deutsche Bank, stated:
“We want to make Deutsche Bank the first stop for start-ups. Through our global network of innovation labs, we are combining fresh ideas from fintechs with the scale and infrastructure of a global bank.”
Deutsche Bank’s other innovation labs are located in Silicon Valley, Berlin, and London.