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Where top European banks are investing in fintech – CB Insights

Click on the image to enlarge. Source: CB Insights

European banks are placing strategic bets in areas ranging from wealth management, lending, payments, regulatory technology, software, and blockchain. Which banks were the most active and what did they invest in?

US Fed fines Deutsche Bank $41m for AML problems

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The US Federal Reserve Board has revealed a $41 million penalty and consent cease and desist order against the US operations of Deutsche Bank for anti-money laundering (AML) deficiencies. Paybefore (Banking Technology‘s sister publication) reports that the Fed says the actions were taken to address unsafe and unsound practices at the bank’s domestic banking operations, […]

Deutsche Bank feels the fourth on GBST Syn system in Australia

To Apple Pay or not to Apple Pay, that is the question

Securities processing software vendor GBST has migrated the back and middle-office operations of Deutsche Bank from the legacy GBST Shares platform to GBST Syn for processing the bank’s equity market trades in Australia. This is GBST’s fourth live Syn installation in the country. Other users are Macquarie Bank, Citi Australia and brokerage and investment firm […]

Top fintech stories this week – 12 May 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Deutsche Bank leads charge for pan-industry e-identity platform

Private equity firms take over German payment services provider Concardis

Deutsche Bank and a variety of German and European companies have teamed up to establish a joint, pan-industry platform for online registration, e-identity and data services. The initiative was set up by the bank, Allianz, Axel Springer, Daimler, Postbank, technology think tank Core, and location services provider Here Technologies. Their aim is to “make online […]

Top fintech stories this week – 7 April 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Deutsche Bank launches new mobile payment app

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Deutsche Bank has launched a new mobile payment app for Android devices.

Deutsche Bank opens innovation lab in New York

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Deutsche Bank has opened an innovation lab in New York, its fourth globally. The lab is part of its five-year plan for €1 billion investment in digital initiatives. It is sited in Lower Manhattan’s Fulton Center and will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cybersecurity. Elly Hardwick, head […]

Top fintech stories this week – 3 February 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Deutsche Bank fined record £163m for AML control fails

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The UK’s Financial Conduct Authority (FCA) has fined Deutsche Bank £163 million for failing to maintain an adequate anti-money laundering (AML) control framework during the period between 1 January 2012 and 31 December 2015. This is the largest financial penalty for AML controls failings ever imposed by the FCA, or its predecessor the Financial Services […]

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