Tagged: deutsche bank

Digital Challenger Bank Founders Bank Hires Former Senior Deutsche Bank Exec as CEO

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

OnDeck Announces Extension of Two Revolving Credit Facilities With Credit Suisse & Deutsche Bank

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

Friendsurance CEO Tim Kunde Discusses New Business Brand, Bancassurance, Insurtech Trends & More…

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

170 State Personnel Raid Deutsche Bank Headquarters in Money Laundering Probe

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

Following Deutsche Bank Stake Acquirement Deal, Modo Partners With Etihad Airways to Co-Create Loyalty Solution As Part of the FinTech Abu Dhabi Innovation Challenge

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

Deutsche Bank Partners With Allianz & Auto1 to Launch Car Financing Platform “Auto1 FinTech”

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

Deutsche Bank Announces Launch of New Secure Digital Repository For Exchange of Documents “eVault”

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

Swiss Fintech Avaloq Onboards Deutsche Bank Luxembourg

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

Deutsche Bank Seeks to Accelerate Open Banking Strategy By Acquiring India-Based Fintech Startup Quantiguous Solutions

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

Deutsche Bank Partners With IATA To Pilot Payments Solution

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

Spotcap Roundtable: Customers Expect More as Fintech Boosts User Expectations

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

Insurtech: Deutsche Bank Partners with Berlin based Friendsurance to Complement Banking Services

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

Deutsche Bank Announces First Artificial Intelligence Implementation Through IBM Watson

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

iCapital Network to Acquire US Private Equity Access Fund Platform from Deutsche Bank

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

Tommaso Zanobini to Lead Fintech at Deutsche Bank

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

OnDeck Announces Extension & Upsize of Revolving Credit Facility with Deutsche Bank

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

Deutsche Bank Opens Fintech Innovation Lab in New York City

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

Big News for Prosper: Marketplace Lender Signs Agreement for $5 Billion in Loan Purchases from Consortium of Investors

Prosper Marketplace, one of the leading online lenders in the US, has signed an agreement with a group of institutional investors to purchase up to $5 billion in loans over the next 24 months. The agreement alleviates a challenging situation that has been endured by… Read More

Deutsche Bank Strengthens Innovation Team By Appointing Elly Hardwick as Head of Innovation & Philip Milne as CTO for Innovation

Deutsche Bank announced on Monday it is strengthening its fintech and innovation presence by appointing Elly Hardwick as Head of Innovation and Philip Milne as CTO for Innovation. According to Deutsche Bank, Hardwick will work closely with fintechs and the bank’s business divisions to drive the adoption of… Read More

Update: Zopa’s Janardana & P2P GI’s Champ Comment on Europe’s First Securitization of Unsecured Consumer Loans Originated Online

Last week, P2P Global Investments and Zopa teamed up to work on Europe’s first securitization of unsecured consumer loans originated online. dedicated to investing in loans originated via marketplace platforms, and was arranged by Deutsche Bank. “This is an exciting milestone in Zopa’s journey. The securitisation process has… Read More

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