Latest Deutsche Bank News: Finextra Research

ECB responds to Swift’s blueprint for ISO 20022

Under instruction from the European Central Bank, interbank payments network Swift has drawn up a blueprint designed to mitigate complications borne from its surprise decision to delay the migration to the new ISO 20022 messaging standard.

20 May 2020

/regulation

FCA: LIBOR’s tough legacy contracts are a ‘knotty problem’

Speaking at the Association of Corporate Treasurers’ International Treasury Week, Edwin Schooling Latter, director, markets and wholesale policy, FCA, said firms must push forward with LIBOR departure projects despite uncertainties regarding certain LIBOR linked loans.

13 May 2020

/retail

Deutsche Bank restarts redundancy programme; views Covid as cost-cutting opportunity

While other banks are pushing the pause button on pre-Covid job cuts and digital transformation projects, Deutsche Bank is pressing ahead with plans laid down in 2019...and seizing the opportunity to make further costs savings from home working and video-conferencing.

13 May 2020

/wealth

Robo-advisers are facing their first major downturn

The expected global recession brought on by the Covid-19 pandemic will prove a stern test for robo-advisers that have attained a healthy degree of popularity in recent years.

22 April 2020

/payments

Size does matter for banks tackling ISO 20022 migration

With a new migration date set for November 2022, Swift’s community must be prepared to adopt the data-rich ISO 20022 for cross border payments in under 24 months. The deadline delay proves just how challenging this project has been for financial institutions across the payments landscape.

15 April 2020

/payments

Swift delays ISO 20022 cross-border payments migration

Swift is to delay the original ISO 20022 migration date for cross border payments by 12 months, from November 2021 to the end of 2022, as banks struggle with decommissioning and preparing existing infrastructure for the transition.

16 March 2020

/wealth

Deutsche Bank joins forces with wealth management software firm Qplix

Deutsche Bank has taken a minority stake in Qplix as part of a cooperation agreement with the Munich-based wealth management software firm.

09 March 2020

/wealth

Robo-advice market is a glimpse of evolution in banking

Germany’s growing robo-advisory market could be seen as a bellwether for how the country’s banking market will evolve, according to a new research paper by Deutsche Bank.

05 March 2020

/cloud

Deutsche Bank invites Amazon, Google and Microsoft to pitch for tech overhaul

Deutsche Bank is inviting bids from tech giants Amazon, Google and Microsoft to fix its outmoded technology estate, according to a report from Reuters.

11 February 2020

/markets

Banks and exchanges join document automation consortium

A consortium formed by legal firms to explore the use of a new automated document exchange standard for capital markets firms has held its second meeting with participation from a swathe of banks and stock exchanges.

28 January 2020

/payments

Cash is here to stay - cards are the true dinosaurs

Far from sounding the death knell for cash, the rise of digital payments will instead lead to the extinction of the plastic card, according to Deutsche Bank research on the future of payments.

23 January 2020

/retail

Deutsche Bank to launch 'Motion Code' card in Spain

Deutsche Bank in Spain is to issue a credit card with a dynamic CVC code that changes every four hours, in a bid to create a safer shopping experience for online purchases.

02 January 2020

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