German bank opens Digital factory in Frankfurt

The German bank now has its own development center for digital banking products: the digital factory in Frankfurt. About 400 employees from 14 countries design and program using the latest methods: software developers, IT specialists and financial experts. From the outset, there are FinTechs – young technology companies from the financial sector, are ready 50 additional jobs for the Digital Factory.

The German bank will also invest in the future in the digital factory and expand the capacity by 2018 to 800 employees. The Bank is one of ideas and technology to the forefront in the competition, it is also working to make their digital projects with the US university Massachusetts Institute of Technology (MIT), one of the world’s leading universities. This was announced by the German bank at the official opening of its digital factory.

Christian Sewing, Member of the Management Board of Deutsche Bank and Head of Business with retail, asset and corporate clients (PW & CC), stressed in his speech the importance of investment in research and development for the banking business. “Today’s opening of the Digital Factory is a further step towards the Deutsche Bank towards a technology company. We will not only respond to the digitization, we will actively shape.The number of successful provider in the banking business is small, the fastest among them are gaining market share, “says Sewing. The branches of the Bank play in the context of digital innovations continue to play an important role. Sewing adds: “Specialists switch via video this week to consultants discuss the finances of the customers on their iPad and Robo Advisor analyze the capital markets: These are just some of the many digital elements with which we, the quality of advice and customer satisfaction will increase in the stores again noticeably. “

From the Digital Factory, the German bank expects impetus for innovation and the further digitization and conversion of the Bank. “Finding the German Bank Labs and evaluate new ideas. In the Digital Factory we put these ideas into products and services for our customers. This underlines our commitment to invest and to digitize the bank, “says Kim Hammonds, Member of the Management Board of Deutsche Bank and Group Chief Operating Officer. “The digital factory is the nucleus in which we develop and implement products agile.The focus of our technicians and engineers is on speed and reaction in short development cycles. This approach is essential for success in a dynamic and rapidly changing world “This game also compete for the best talent an important role”. The digital factory is an attractive workplace. It provides a good environment to be creative and to achieve tangible results quickly. This enables us to attract the best talent for us, “says Hammond.

For some projects in the digital factory new digital products and services have already emerged, including the app “German Bank Mobile”, which is considered the first project of the Digital Factory. “The digitization of the private and corporate customer business is on track,” says Markus Wieser Pertl, Digital boss in private, assets and corporate banking at Deutsche Bank. “The collaboration with FinTechs bears fruit, and we work successfully on further innovations,” said Pertlwieser on.

Later in the year and early 2017 the bank’s customers expect a whole range of new digital services for online, mobile and branch:

• By “financial planner Multibanking” receive German bank customers a comprehensive overview of their accounts, cards, deposits and loans in virtually all German banks – whether on your tablet, smartphone, laptop or desktop
• The Deutsche Bank (eSafe) digital safe also starts this year. This allows customers to document and passwords securely store
• If the app “German Bank Mobile” in November is also available for Android, the customer is in the next step, a method for mobile payments available. So that they can go from, for example, via the Smartphone conveniently pay
• From November 2016 new customers also can digitally open an account in a few minutes and use immediately with a credit card and overdraft facility
• Next spring private customers will be on a digital marketplace Deutsche Bank between different time deposit offers by other banks

In addition to products in the retail business and the development of future technologies plays an important role.So are currently working on specific applications for artificial intelligence, voice recognition or block chain.

For more information about Digital Factory Deutsche Bank, its products and film and photo material can be found at: www.deutsche-bank.com/digitalisierung
About German Bank
The German bank offers various financial services – from payments and loan losses on the investment advisory and asset management to all forms of capital market business. Its clients include private clients, medium-sized companies, corporations, the public sector and institutional investors. The German bank is Germany’s leading bank. She has a strong market position in Europe and is an important representation in the Americas and the Asia-Pacific region.