Deutsche Bank Set to Launch App for Securities Investment

Deutsche Bank Vice President Karl von Rohr has announced plans to launch an app-based securities investments offer.

The bank intends to launch this independent digital offering for securities investments based on an app in 2024. The new offer should be aimed at people who want to have their assets managed professionally, want to trade securities online, and do their banking purely digitally.

Deutsche Bank already operates direct banking offerings with Norisbank and the online broker Maxblue. The bank also already offers digital asset management with its "Robin" feature. Its asset management subsidiary DWS, in turn, markets its robo advisor "Wise" as a white label instrument to sales partners. Von Rohr left it unexplained how the new product should fit into the existing range and where the distinction should be established. However, von Rohr was specific about the interest on fixed-term deposits, namely that these were raised starting on September 12th, 2022.

The focus of the new app solution is on acquiring new customers, but the offer is also open to existing customers.

(Source: The Paypers)