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Fintech

Deutsche Bank wants new tech, quicker

German bank is looking to simplify the way it buys 'low risk' technologies from fintech startups

 Banks have increasingly been turning to startups for solutions to help them deal with a slew of new business and regulatory challenges
Banks have increasingly been turning to startups for solutions to help them deal with a slew of new business and regulatory challenges Photo: iStockPhoto

Deutsche Bank is trying to speed up the way it buys certain technologies in an attempt to bridge the gap between large financial institutions and innovative startups.

The German banking group - which has innovation labs in Berlin, San Francisco and London - is developing processes to fast-track the procurement of technology from companies that provide "low risk" services.

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