Deutsche Bank Stock: Partnership agreed with IPID - Börse Express
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Deutsche Bank is focusing on expanding its transaction and corporate client business shortly before the upcoming quarterly figures. On Thursday, the institution received a boost in the foreign exchange sector through an industry award: The specialist magazine Euromoney honored the institution for the second year in a row as "World's Best FX Bank". The award underlines the importance of foreign exchange trading within the group structure. In parallel, the Frankfurt financial institution is pushing ahead with the modernization of its payment processing. According to media reports, the institution has agreed on a strategic partnership with IPID. The goal of the cooperation is to embed the provider's payment decision and fraud prevention solutions in the bank's global payment transaction business. This is intended to increase efficiency and security in cross-border transactions. The institution is also reorganizing leadership positions in its regional corporate client business. According to Reuters, the bank appointed Vikas Arora as the new Chief Country Officer and Head of Corporate Banking in the Philippines. The position was taken up on October 1, but is formally still subject to regulatory approval. The appointment is intended to continue the support for corporate clients in Southeast Asia. In addition to operational steps, the bank was able to resolve a legal issue...
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