This was announced in an interview with the Handelsblatt newspaper by Karl von Rohr, Vice President of the Deutsche Bank and Chairman of the Supervisory Board of the fund subsidiary DWS. The bank intends to launch this independent digital offering for securities investments based on an app in 2024. The new offer should be aimed at people who want to have their assets managed professionally, want to trade securities online, and do their banking purely digitally.
In July 2022, Deutsche Bank announced entering the "Buy Now, Pay Later" market by partnering with Austria-based fintech Credi2 to develop a white-label BNPL product for online retailers and ecommerce marketplaces. This is an ongoing venture, seeing as the first pilot projects are expected to launch in Germany by the end of 2022.
Additionally, Deutsche Bank more recently partnered with Traydstream to automate document checking for their Trade Finance products. This collaboration aims to improve the bank’s ongoing efforts to digitise and automate its documentary trade business, increasing controls, ensuring scalability for growth, and ultimately improving corporate clients’ experience in the letters of credit business.
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