TECH POWERHOUSES: Germany
FRANKFURT: Deutsche Bank will launch three innovation labs this year, partnering with big development firms to speed creation of financial technology for its own uses and will spend up to €1bil (RM4.09bil) on digital development in the next five years.
Germany’s largest lender, which is overhauling its own infrastructure, said it would work with three technology partners for the labs, including Microsoft in Berlin, HCL in London and IBM in Silicon Valley.
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