Latest Deutsche Bank News: Finextra Research

Deutsche Bank to axe 1920 jobs

Deutsche Bank is axing 1920 jobs in Germany, mainly from its back office operations, over the next two years under plans to streamline administration and transaction processing operations and re-focus on customer-facing functions.

02 December 2004

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Deutsche Bank unveils new platforms for high value payments and cheque processing

Deutsche Bank has launched Money Transfer New Architecture (MTNA), a single global platform for its high value payments processing that will replace all legacy money transfer applications for US Dollar, Euro and Sterling. It is also adding newly expanded cheque processing solutions to its suite of payment and collection products.

11 October 2004

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AT&T wins $60m networking contract from Deutsche Bank

Deutsche Bank has signed a five year contract worth $60 million with AT&T for the supply of networking and telecommunications services in the US.

23 June 2004

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Xchanging takes majority stake in Deutsche Bank transaction subsidiary

Deutsche Bank has sold a majority 51% stake in its back office outsourcing subsidiary, the european transaction bank (ETB), to London-based Xchanging.

28 May 2004

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Barclays signs cash management deal with Deutsche Bank

UK bank Barclays has formed a strategic partnership with Deutsche Bank that will enable its larger corporate customers to use the German bank's cross-border cash management services in continental Europe.

05 May 2004

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Deutsche Bank outsources procurement to Accenture

Deutsche Bank has agreed to outsource its international corporate purchasing and invoicing operations to Accenture. Terms of the contract were not disclosed.

30 January 2004

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Betrusted takes over German bank-owned TC TrustCenter

Betrusted of the US has acquired TC TrustCenter, an Identrus-compliant purveyor of online authentication technology that was founded by Germany's four leading banks.

22 January 2004

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GFI signs four to FX option revaluation fixings service

JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal have signed up to receive GFI Group's FX option revaluation fixings service.

08 December 2003

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Deutsche Bank sells EUR1bn property portfolio to Blackstone

Deutsche Bank has confirmed it has sold part of its European property portfolio to US private equity firm Blackstone for a total consideration of €1.04 billion.

24 November 2003

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Postbank to acquire Deutsche and Dresdner payments subsidiaries

Deutsche Postbank, the banking services division of Deutsche Post, is to acquire Deutsche Bank's payments subsidiary, DB Payments, along with Dresdner Bank's transaction processing business, Dresdner Zahlungsverkehrsservice. Financial terms have not been disclosed.

01 October 2003

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Mark-it Partners launches RED database service

UK credit derivatives data firm Market-it Partners has launched its Reference Entity Database (RED) service.

29 August 2003

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Deutsche Bank implements Fair Issac decision support system

Deutsche Bank is to roll out Fair Isaac's Blaze Decision System across its European branches and credit service centres.

28 August 2003

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