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Deutsche Bank jumps on IBM Watson for Germanic AI ambitions

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Wunderbar! Deutsche Bank has completed internal proofs of concepts (PoCs) with IBM for the deployment of an artificial intelligence (AI) powered Watson cognitive system in the German language. The system will be used in the bank’s Artificial Intelligence Client Communication Centre (AI-C³), and Deutsche Bank says it will use Watson for the development of a […]

Six new banks join UBS-led utility settlement coin plan

UBS wants to cut costs and innovate

The UBS-led effort to create a digital cash model for payments and settlement on blockchain has got six new banks onboard, according to the Financial Times. As Banking Technology reported in August last year, BNY Mellon, Deutsche Bank, ICAP and Santander joined UBS and Clearmatics to advance their utility settlement coin (USC) concept, and plan […]

Europe’s pan-industry e-identity platform preps for launch

land area in Europe the night

A joint European pan-industry platform for online registration, e-identity and data services is readying for launch at the turn of the year with new partners on board. As reported in May, Deutsche Bank and a variety of German and European companies teamed up for the plan to “make online registration simpler and more secure for […]

Time to act: EU Funds Transfer Regulation 2015

Christian Westerhaus, Deutsche Bank

The EU Funds Transfer Regulation 2015 (FTR 2015), which has been in effect since 26 June 2017, aims to deliver full traceability of payments. A lack of regulatory clarity is, however, leading to significant implementation hurdles that require urgent action from all stakeholders.

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!

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