Deutsche Bank announced today that it has opened an innovation lab in New York City, its fourth globally.
The lab in Lower Manhattan’s Fulton Center will enable the bank to access a leading innovation ecosystem in one of the world’s largest financial hubs.
It will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cyber security.
The Deutsche Bank Labs in New York, Silicon Valley, Berlin and London have three principal goals: to help the bank evaluate and adopt emerging technologies, to develop a culture of innovation and to contribute to the bank's digital strategy.
Staff working in the labs evaluate technology solutions from the four innovation ecosystems and apply the best of these to address business challenges and opportunities within the bank.
Elly Hardwick, Head of Innovation at Deutsche Bank, said: “We want to make Deutsche Bank the first stop for start-ups. Through our global network of innovation labs, we are combining fresh ideas from fintechs with the scale and infrastructure of a global bank.”
Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.