An initiative to create a set of global standards for the use of distributed ledger technology in financial markets has picked up momentum, with another 13 major banks - including BofA, Deutsche Bank and HSBC - throwing their weight behind the plan.
Deutsche Bank has been selected among the banks which will provide payment services for the European Commission (EC) from 2015 for the maximum period of 5 years.
Deutsche Bank is simplifying its technical client onboarding processes by introducing the Readiness Portal to its MyStandards offering.
Deutsche Bank is bidding to reduce its workforce by a quarter, slashing 23,000 jobs, many of them technology-related, according to Reuters.
New York state's banking regulator has reached an agreement with Goldman Sachs, Deutsche Bank, Credit Suisse and Bank of New York Mellon on the record-keeping requirements of a new chat and messaging platform.
XTX Markets today announces that Zar Amrolia will join the firm as co-CEO with Alex Gerko. Amrolia joins from Deutsche Bank where he worked for the past 10 years, most recently as co-head of FICC and Head of Digitisation. Previously he had been a Partner Managing Director in Goldman Sachs.
Deutsche Bank today announced that it has implemented a Receivables on Behalf Of (‘ROBO’) solution for Siemens Financial Services (‘SFS’) in China, for both intra-group and third party cross-border receivables.
Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks.
Deutsche Bank is the latest major financial institution to laud the potential of the blockchain, confirming that it is exploring the use of distributed ledger technology for everything from securities clearing and settlement to anti-money laundering registries.
Deutsche Bank teams up with BCSG to launch db Impresa eXtra, the first ever web aggregator in the Italian Market to offer non-banking services to SMEs and Midcorporates, addressing clients and prospects.
© Finextra Research 2015