Commerzbank - News, Articles & Research

Big Data, DLT, IoT and AI set to transform trade supply chains - Commerzbank

Commerzbank claims that international trade and supply chains have reached a technological inflection point, with emerging technologies in Big data, blockchain, Internet of Things and artifical intelligence set to overturn long-established practices.

03 February 2022

Company announcement/wholesale

Commerzbank implements Tradeteq Connect

Tradeteq, the leading technology provider for bank asset distribution, together with Commerzbank AG (Commerzbank), AKA Ausfuhrkredit-Gesellschaft mbH (AKA), and Texel Finance Limited (the Texel Group) have announced that following a successful proof of concept phase, Tradeteq Connect, an expansion of the firm’s existing platform to support distributing bank risk resulting from trade products such as letters of credit (LCs) and guarantees, has been implemented by Commerzbank AG, AKA, and the Texel Group and shall become the new technology standard for trade asset distribution.

01 November 2021

News/markets

Commerzbank faces €200m hit after ditching HSBC outsourcing deal

Commerzbank will write off €200 million in the second quarter after deciding to abandon plans to outsource securities settlement to HSBC, citing "technical implementation risks".

23 July 2021

Company announcement/wholesale

Commerzbank executes live transactions on Marco Polo trade finance network

Commerzbank joined with İşbank and LBBW to become one of the first banks to execute commercial transactions with German and Turkish corporate clients via the Marco Polo trade finance network in a live environment.

01 June 2021

News/wholesale

Commerzbank pilots blockchain for supply chain processes

Commerzbank has teamed up with two chemicals companies to test a shared blockchain platform for handling bilateral supply chain processes in a live environment.

21 May 2021

Company announcement/markets

Commerzbank outsources equities business to ODDO

From 11 May 2021, Commerzbank will be cooperating with the Franco-German financial services group ODDO BHF in the area of equities.

11 May 2021

News/people

Commerzbank agrees deal with unions on 10,000 job cuts

Commerzbank has warned that more jobs may be on the line after agreeing a settlement with labour unions over previously announced plans to axe 10,000 full-time positions by 2024.

10 May 2021

News/crypto

Deutsche Börse and Commerzbank to build digital asset marketplace

Deutsche Börse and Commerzbank have invested in fintech spinoff 360X with the aim of building a blockchain-based digital marketplace for digital asset clases in art and real estate.

29 April 2021

News/people

Commerzbank to axe 1700 jobs in Germany

Commerzbank is to slash 1700 jobs in Germany in a volunatary redundancy programme to be completed by the end of the year.

06 April 2021

News/cloud

Commerzbank enters five-year relationship with Google Cloud

Commerzbank has entered a five-year partnership with Google, that will see more applicatons moved to the cloud and delivery of on-the-fly updates to software code.

29 March 2021

Company announcement

Commerzbank and creditshelf extend strategic partnership

creditshelf Aktiengesellschaft and Commerzbank AG are deepening their strategic cooperation and expanding it to include Commerzbank's Private and Small-Business Customers segment.

09 March 2021

News/markets

Rabobank executes real-time commercial paper transaction using blockchain technology

Rabobank has completed the first real-time commercial paper transactions using blockchain technology, following a successful two-year pilot in partnership with Commerzbank and Euroclear.

01 February 2021