Tagged: commerzbank

Germany-based Lender Commerzbank Finalizes Agreement to Increase Stake in Online Lending Fintech Comdirect

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

Deutsche Börse Venture Network Partners with Fintech Firm Cashlink to Provide Digital Securities

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

Commerzbank, Deutsche Börse and MEAG are Examining the Scope of DLT in Post-Trade Services

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

Blockchain-based Trade Finance Platform Marco Polo Is Testing Its First Trade Deal Between Russia and Germany

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

Raisin and Commerzbank Launch Online Savings Platform for Corporate Clients

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

Germany’s Second Largest Bank, Commerzbank, Said to Launch P2P Platform this Year

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

Send this to a friend