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Deutsche Bank acquires Quantiguous Solutions

Press Trust of India  |  Mumbai 

German lender today said it has acquired Quantiguous Solutions, a city-based startup, for an undisclosed sum to help it service the corporate clients better.

The acquisition of the 2014-incorporated Quantiguous is aimed to accelerate development of the 'open banking' platform which will help connect corporate clients, and and partner companies, an official statement said.

It will strengthen the global transaction banking franchise for the bank, the statement said.

Quantiguous and RBL among its clients. The company website says it was started to create "smart interfaces" for clients.

"This is a remarkable opportunity for us to build an platform on a global scale, with an international bank that is committed to the concept of open banking," the company's said.

He added that is the foundation for a connected financial ecosystem.

will be absorbing all the employees who will join the core team responsible for the development and roll-out of transaction bank's global API programme, the statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 20:30 IST