Deutsche Bank Acquires Stake in Receivables Auction Platform TrustBills

Deutsche Bank acquired a 12.5% stake in receivables auction platform TrustBills as the company looks to upgrade their core technology system; in September 2016 Deutsche Bank CEO John Cryan reportedly told employees they needed to begin thinking more like a tech startup if they were to keep their positions; the move to acquire TrustBills looks like the beginning of a fintech strategy by the bank; TrustBills is a marketplace for national and international trade receivables and they have begun looking to expand to more markets soon. Source

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]