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Deutsche Bank to open three digital labs this year
2015-06-04 10:48:00| Telecompaper Headlines
(Telecompaper) Deutsche Bank announced plans to open three innovation laboratories as part of its new strategy to improve its digital capabilities. The bank is developing the labs in cooperation with Microsoft in Berlin, HCL Technologies in London and IBM in Palo Alto, California. The labs are expected to be fully operational by the start of the fourth quarter and to evaluate more than 500 start-up ideas per year. The labs are a cornerstone of Deutsche Bank's newly announced strategy to invest a total of EUR 1 billion in improving the lender's digital capabilities and infrastructure within the next five years.
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Category:Telecommunications