Deutsche Bank

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Deutsche Bank

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·Dec. 30, 2019

7,000 bank branches shut down and 425,000 jobs lost — melting Banking into a glass half full

Let's make a collective decision to see the glass as half-full. While physical banking (7,000 US branches gone during 2012-2017) and employment in the sector (425,000 jobs lost since 2013) has been contracting, digital commerce, banking, and investment management have been growing. Even DFA is finally giving in and lowering fees on their $600 billion institutional mutual fund family. Of course, Fintech has been a slow and gradual transformation, not a rapid disruption. We can make a choice to bemoan the loss of the past, or a choice to express an excitement for the future and participate in its making. Which side are you on?

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Fintech News Roundup USA

·May. 6, 2020

Big Banks Invest in Online Shareholder Voting Platform

JPMorgan Chase, HSBC and Deutsche Bank are amongst a group investing $20mn in online shareholder platform Proxymity; the company is...

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Fintech News Roundup

·Apr. 19, 2017

Deutsche Bank Acquires Stake in Receivables Auction Platform TrustBills

Deutsche Bank acquired a 12.5% stake in receivables auction platform TrustBills as the company looks to upgrade their core technology system; in September 2016 Deutsche Bank CEO John Cryan reportedly told employees they needed to begin thinking more like a tech startup if they were to keep their positions; the move to acquire TrustBills looks like the beginning of a fintech strategy by the bank; TrustBills is a marketplace for national and international trade receivables and they have begun looking to expand to more markets soon. Source

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Fintech News Roundup USA

·Mar. 22, 2017

Deutsche Bank Opens New York Innovation Lab

Deutsche Bank's innovation lab adds to a number of recently opened innovation labs by other large banks in New York City; the Deutsche Bank innovation lab will be looking to identify new ideas, hire talent from fintech startups, and acquire or invest in fintech startup companies; the innovation lab is Deutsche Bank's fourth in the past 18 months with other labs located in Silicon Valley, London and Berlin; a main focus of the New York lab will be testing new technology for the capital markets with a focus on artificial intelligence, cloud computing and cybersecurity; new technologies implemented from the bank's other sites include enhanced credit risk analysis software, improved network risk management and new applications for retail bank clients. Source

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Fintech News Roundup

·Nov. 11, 2016

Deutsche Bank Report Highlights Upcoming Adoption of Distributed Ledger Tech

Deutsche Bank has released a report sharing that three out of four capital market participants believe distributed ledger tech will see widespread use within the next three to six years; of 200 surveyed, 87% reported they believe it is likely to have an impact on securities services; respondents believe cost savings and protection against system failures are key benefits to the new technology. Source

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Europe Fintech News Roundup USA

·Jun. 28, 2019

Announcements & Releases for June 28, 2019

U.S. Fintech ConnexPay Secures $7 Million Through Series A Funding Round Deep Dive: Small and local banks drive some of...

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Europe Fintech News Roundup

·Feb. 1, 2018

Big Tech is Helping Fintech Startups Emerge in Ireland

Ireland has become a hub of technological innovation as big tech, fintech and big financial services companies set up shop in country as an alternative to the UK; “Ireland has always been quite an innovative country; it has to be because it is such a small market, you can’t just lean on the Irish market to produce a decent fintech business.” says Sinead Fitzmaurice, co-founder of TransferMate, to the FT; talent from Google and Facebook have not only started their own companies but have also moved into finance giants like Deutsche Bank; low corporate tax rates combined with the tech talent has help the country become an emerging fintech market. Source.

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Fintech News Roundup

·Dec. 7, 2016

Deutsche Bank Hires Two New Executives for Fintech Innovation

Deutsche Bank has hired Elly Hardwick as head of innovation and Philip Milne as chief technology officer for innovation; both will help to improve internal and external communication and integration of new technologies for the bank; Hardwick will lead the bank's innovation activities and manage the Deutsche Bank Labs; Milne will facilitate communication between the Deutsche Bank Labs and the bank's internal technology organization. Source

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Europe Fintech News Roundup

·May. 8, 2018

Deutsche Bank Partners with Airlines Industry to form Payments System

Deutsche Bank has partnered with the International Air Transport Association to develop an industry wide payments solution; they hope to...

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Fintech News Roundup USA

·Feb. 26, 2018

Deutsche Bank Says Bitcoin’s Scaling Problem is Improving

Deutsche Bank examined whether bitcoin is improving in a recent note they sent to clients last week; a few factors have played into fees staying low, less demand with people looking to transfer their bitcoin and the SegWit upgrade to the bitcoin network; while only 14 percent of transactions occur through the SegWit update the tech is helping to improve the network; transaction volumes moving lower are the bigger reason for the drop in fees according to Mosaic.io co-founder Garrick Hileman. Source.

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