Deutsche Bank opens innovation lab in New York
“Ever Upward” for Deutsche Bank?
Deutsche Bank has opened an innovation lab in New York, its fourth globally.
The lab is part of its five-year plan for €1 billion investment in digital initiatives. It is sited in Lower Manhattan’s Fulton Center and will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cybersecurity.
Elly Hardwick, head of innovation at Deutsche Bank, says it wants to be “the first stop for start-ups” and through its network of labs it is “combining fresh ideas from fintechs with the scale and infrastructure of a global bank”.
The Deutsche Bank Labs in New York, Silicon Valley, Berlin and London have three principal goals: to help the bank evaluate and adopt emerging technologies, to develop a culture of innovation and to contribute to the bank’s digital strategy.
Staff working in the labs evaluate technology solutions from the four innovation ecosystems and apply the best of these to address business challenges and opportunities within the bank.
