Company Announcements

Deutsche Bank Opens Innovation Lab in New York City

Source: Business Wire

NEW YORK--(BUSINESS WIRE)--Mar. 21, 2017-- Deutsche Bank announced today that it has opened an innovation lab in New York City, its fourth globally.

The lab in Lower Manhattan’s Fulton Center will enable the bank to access a leading innovation ecosystem in one of the world’s largest financial hubs.

It will explore new technologies focused on several areas, including artificial intelligence, cloud technology and cyber security.

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.

Elly Hardwick, Head of Innovation at Deutsche Bank, said: “We want to make Deutsche Bank the first stop for start-ups. Through our global network of innovation labs, we are combining fresh ideas from fintechs with the scale and infrastructure of a global bank.”

About Deutsche Bank

Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.

By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our SEC Form 20-F of 11 March 2016 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.

Source: Deutsche Bank AG

Deutsche Bank AG
Press & Media Relations
Oksana Poltavets, +1-212-250-0072
oksana.poltavets@db.com
or
Don Hunter, +44(20)754-14120
don.hunter@db.com

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