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December 7, 2022
On the web
“Deutsche Bank today announced a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector. Combining Deutsche Bank’s financial industry expertise with NVIDIA’s leadership in AI and accelerated computing will hasten the development of a broad range of regulatory-compliant AI-powered services. The partnership will support Deutsche Bank’s cloud transformation journey, for example by using AI and ML to simplify and accelerate cloud migration decisions. “AI, ML and data will be a game changer in banking, and our partnership with NVIDIA is further evidence that we are committed to redefining what is possible for our clients,” said Christian Sewing, CEO, Deutsche Bank…The collaboration follows months of exploratory work in which the companies tested a number of potential use cases, with a focus on three in particular: risk model development, high-performance computing, and the creation of a branded virtual avatar.”
October 13, 2022
On the web
“Deutsche Bank and Fiserv, a global leader in payments and financial services technology, have launched Vert, a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). Vert is the only German provider to combine payment acceptance and processing and traditional banking solutions, meeting market demand for an integrated offering and streamlining access to innovative products for merchants of all sizes. Vert also provides next-banking-day pay-outs, providing merchants with faster access to their funds. Merchants are seeking user-friendly, integrated solutions that enable them to accept payments and move and manage money. Vert clients benefit from an offering that includes faster payments, modern technology, acceptance of common payment types and an online dashboard providing transaction data and other business reports.”
September 30, 2022
On the web
“Deutsche Bank and Visa are entering into a new collaboration to help prevent online retail fraud. Merchants who process their e-commerce payments via Deutsche Bank can now use “Decision Manager”, an automated fraud detection system from Visa-owned company Cybersource. The solution works like a risk management system and calculates a risk value for each individual transaction using artificial intelligence and specified rules. The application uses advanced risk models and global data intelligence from billions of data points of the Visa network, allowing good transactions to be accelerated and suspected fraudulent transactions to be blocked. The offer is aimed at small, medium-sized and large companies.”
July 13, 2022
On the web
Financial and Business News | Finance Magnates
“Deutsche Bank has been working with Vienna-based fintech , Credi2 for the development of a white-label buy now, pay later (BNPL) solution, targeting online retailers and e-commerce marketplaces. Announced on Wednesday, the two companies are targeting to first pilot the product in Germany by the end of this year. “Together with Credi2, we want to create a real and consumer-friendly alternative to existing BNPL offers,” said Deutsche Bank’s Head of Merchant Solutions, Kilian Thalhammer. “Unlike most BNPL offers, the white label approach means that retailers retain full control over transactions with their new and existing customers.””
May 20, 2022
On the web
“Deutsche Bank announced its partnership with FinLync, a global fintech company offering products that are transforming corporate finance and treasury offices. FinLync’s pre-built API integrations and SAP-embedded treasury applications will enable corporate treasury and finance teams to connect to Deutsche Bank’s API offerings rapidly and easily. FinLync’s technology directly embeds up-to-the-moment bank data into any enterprise resource planning (ERP) platform or treasury management system (TMS), enabling plug-and-play access to Deutsche Bank’s comprehensive suite of innovative APIs. Other benefits include more-precise cash forecasts and improved working capital efficiency through: 1-click global cash position that can be refreshed as frequently as desired; real-time payment tracking from initiation to receipt; beneficiary account pre-validation; accelerated automated reconciliation.”
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