Deutsche Bank has rolled out ‘Deutsche BizBanking’, a new platform under which its business clients ranging from self-employed small businessperson to medium-sized businesses will be served under single platform.
The products and services of its Deutsche Bank, Postbank and FYRST brands will be managed by a single unit called “Deutsche BizBanking.”The bank has strengthened the management team to support the new unit. Deutsche Bank stated that its business clients form a strategic growth segment and it aims to dynamically develop new solutions for those clients.
“One year ago, we have already established the Corporate Bank combining all commercial and corporate clients across all brands in one business unit. With the three brands – Deutsche Bank, Postbank and FYRST, a shared technology platform in future and our 150 years of experience we provide our business clients with a dedicated and focused service model,” said Stefan Bender, Head of Corporate Bank Germany and Head of Deutsche BizBanking at Deutsche Bank. “Our approach will give us more room for joint investments and at the same time all clients will benefit from Deutsche Bank’s product expertise and extensive network,” Bender added.
The bank’s Deutsche Bank, Postbank and FYRST brands currently serve more than 800,000 business clients in Germany. “Deutsche BizBanking” is part of the Corporate Bank Germany.
As per Deutsche Bank, the entry of Fintechs and so-called neobanks are rushing into the market with specialised offerings, technical interfaces or systems that enable new financial solutions to be devised.
Last but not least, business models are changing and thus also the needs of many business clients. “The business models of many small and medium-sized businesses are about to change. This has largely to do with the increasing role of technology – even more accelerated by the coronavirus pandemic. A redistribution of market shares is now underway and we believe we’re in pole position,” Bender said
“We are a strategically important partner and risk manager for our clients especially during challenging times. This has been highlighted by the coronavirus pandemic. Over recent months we have reacted promptly and provided our clients with swift, straightforward assistance on a vast range of topics. This extraordinary situation has shown the importance of a client having an established relationship with their local bank or “Hausbank”. Clients of us can easily apply online for support loans from the KfW German state development bank and secure liquidity,” said Bender.
