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
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 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
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
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 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 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, 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
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
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, 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
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
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 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
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 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
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
P2P Global Investments and Zopa have teamed up to work on Europe’s first securitization of unsecured consumer loans originated online, reported Bloomberg. The £138M ($179 million) transaction is backed by 27,137 loans to individuals, according to Moody’s Investors Service, with a weighted average seasoning of 10 months and a maximum loan… Read More
Team “Utility Settlement Coin,” comprised of UBS, Clearmatics, Deutsche Bank, Santander, ICAP and BNY Mellon, has issued a brief update about its use blockchain technology to allow financial markets to complete financial transactions more quickly and smoothly. In late August, UBS Head of Strategic Investment & Fintech Innovation Hyder Jaffrey… Read More
UBS and Clearmatics have joined with BNY Mellon, Deutsche Bank, Icap and Santander to advance the Utility Settlement Coin, an asset-backed digital cash instrument implemented on distributed ledger technology, according to a statement. “Digital cash is a core component of a future financial market fabric… Read More
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