Deutsche Bank is looking to tap into China's burgeoning startup and innovation ecosystem with the opening of its first innovation hub, 'Blue Water Fintech Space', in Shanghai.
The facility will be run by a dedicated Innovation and Digital Solutions team with the aim of providing clients with new ideas though digital transformation workshops, proof of concept roadshows, acceleration and incubation of fintech projects.
The bank is also on the hunt for new innovations in design thinking, AI, robotics, biometric technology and Internet of Things that can be applied across its own tech estate.
Dirk Lubig, Deutsche Bank head of corporate bank China, says: “With the launch of the Blue Water Fintech Space, we will build a platform to connect with the local fintech and Start-up community to leverage cutting-edge technologies and systematically address changing client demands. Robotics and artificial intelligence will enable new service capabilities that will help our clients to digitalise their business models and participate in the many growth opportunities in China."