Deutsche Bank eliminates pen and ink for corporate contracts

Deutsche Bank eliminates pen and ink for corporate contracts

Deutsche Bank is introducing digital signatures for corporate contracts and account openings following a successful trial with one of its largest clients, US-based Honeywell.

The German bank says the service, using technology from DocuSign, will further streamline client onboarding and replace labour intensive paper-based processing for document and contract signing.

Martin Runow, global head of client connectivity products in Deutsche Bank's transaction banking business, states: “Digital signatures enable us to accelerate the entire client onboarding and contract management process. This is just one example of how we further streamline our processes to create an improved and highly intuitive customer experience."

Reporting back on the trial, Marie-Astrid Dubois from Honeywell, says: “Deutsche Bank’s new digital signature solution is a good example of how banks can introduce new technology to enhance existing banking partnerships. This solution is a nice and obvious fix to the otherwise cumbersome collection of wet signatures.”

The service is now being rolled out to corporate clients in the US, the UK, Germany, Belgium and the Netherlands. Corporate customers in Asia-Pacific and Middle East will be brought onboard in 2019.

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