Creditshelf Aktiengesellschaft and Commerzbank AG have announced the extension of a partnership that has been in place since 2019. Creditshelf is an online lending platform for German SMEs. Creditshefl, which was founded in 2014 and is based in Frankfurt am Main, arranges bank-independent, flexible financing… Read More
Read more in: Fintech, Global | Tagged commerzbank, creditshelf, daniel bartsch, germany, oliver haibt, online lending
Germany-based lending company Commerzbank has reportedly finalized an agreement with activist investor Petrus Advisers, in order to increase its stake in online lending Fintech firm Comdirect. Commerzbank is planning to take over Comdirect’s business operations and aims to help the company reduce costs. The takeover… Read More
Read more in: Fintech, Global | Tagged acquisition, commerzbank, germany, lending, martin zielke, petrus advisers, takeover
The venture capital division of Deutsche Börse, a German marketplace, has finalized a new deal that will make it easier for institutional investors to acquire digital securities. According to an October 30 press release, Deutsche Börse Venture Network (DBVN) has partnered with local Fintech firm… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global, Investment Platforms and Marketplaces | Tagged Cashlink, commerzbank, deutsche börse, Deutsche Börse Venture Network, digital securities, dlt, institutional investors, Peter Fricke
Commerzbank, Deutsche Börse and MEAG, the asset manager of Munich Re and ERGO, are examining and assessing the scope of distributed ledger technology (DLT) in post-trade services. The partners recently performed the settlement of a legally binding secondary market securities transaction through tokens. Frankfurt-based Commerzbank,… Read More
Read more in: Global, Blockchain & Digital Assets | Tagged Benjamin Duve, cash tokens, commerzbank, deutsche börse, Eurex Clearing, frank wellhofer, germany, jens hachmeister, MEAG, securities tokens
Marco Polo, a trade finance blockchain that has partnered over 20 banks, is testing its first trade deal between Germany and Russia. The company’s pilot was announced on October 11. Russian’s Alfa-Bank and Novolipetsk Steel Company (NLMK) will take part in the pilot. Germany’s Commerzbank… Read More
Read more in: Blockchain & Digital Assets, Fintech, Global | Tagged commerzbank, corda, Dina Merkulova, ennno-burghard weitzel, Enno-Burghard Weitzel, germay, Marco Polo, pilot, r3, russia, trade finance
Commerzbank has partnered with Fintech Raisin to provide the first deposit portal for corporate clients in Germany. Raisin, in a release, said that their service has gained in popularity with consumers and now corporate clients are jumping in. Commerzbank is Germany’s largest bank in the… Read More
Read more in: Fintech, Global | Tagged commerzbank, daniel berndt, germany, raisin, weltsparen
Commerzbank, the second largest bank in Germany, is intending on launching their own peer to peer lending platform. While many traditional banks are seeking partnerships with disruptive financial firms, it appears that Commerzbank has decided to take a path less traveled and strike out on… Read More
Read more in: Global, Investment Platforms and Marketplaces | Tagged commerzbank, germany, marketplace, p2p, peer to peer
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