Tag: Commerzbank

Commerzbank selects Surecomp to future-proof next level trade finance business

Surecomp, a provider of trade finance solutions, has announced a partnership with Commerzbank AG, Germany's leading trade finance bank.

WealthTech startup beatvest closes €1.3m round

WealthTech startup beatvest, a mobile app designed to help people get involved with investing, has reportedly collected €1.3m in seed financing.

Wirecard scandal costs Commerzbank €175m in bad loans

Commerzbank is the latest company to feel the shock waves of Wirecard's collapse, with the beleaguered firm having had a €200m ($237.51m) credit facility with the German lender.

How will the Wirecard scandal affect the FinTech sector?

The collapse of Wirecard has sent shock waves through the FinTech industry, cut customers off from their money and raised some serious questions about the role of regulators.

FinTech investment in Germany has grown more than seven-fold since 2015

German FinTech companies have raised more than $5.9bn since 2015 FinTech companies in Germany collectively raised over $5.9m in funding across 286 transactions between...

Financial services could save up to $140bn in the next five...

Banks, insurance companies and capital firms are some of the businesses that could save hundreds of billions through automation and artificial intelligence.

Signavio launches new business transformation suite for financial institutions

As banks and financial institutions are scrambling to update their offerings to the new digital era, Signavio launches new tools to help them out.

HSBC picks MuleSoft’s open-banking solutions as banks worldwide rush to modernize...

Big lender HSBC has taken another step towards re-imagining its offering for the 21st century by leveraging MuleSoft’s application-building platform.

Robots are replacing the 18,000 staff members Deutsche Bank has sacked

Deutsche Bank has so far replaced 680,000 hours of manual work through automation after announcing a massive restructuring effort earlier this year.

US Bank becomes latest bank to slash thousands of jobs

Following in the footsteps of HSBC and Commerzbank, US Bank may become the next bank in line to make thousands of employees redundant.

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