Deutsche Bank Set to Launch 3 ‘Innovation Labs’ to Accelerate Fin-Tech Startups
German global banking and financial services company Deutsche Bank is set to launch three startup innovation labs in Silicon Valley, London and Berlin to accelerate fintech (financial technology services) companies, which could potentially help the bank’s clients in the financial sector. The Chief Information Officer of Deutsche Bank, Kim Hammonds told American Banker that out of the 500 companies, which will be evaluated, 50 startups will be implemented either by Deutsche Bank or by the bank’s clients. As of now, the reserved sum of investments for the accelerator has not been disclosed.....
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