The financial services firm has opened an innovation lab in Silicon Valley in partnership with IBM, following similar initiatives in London and Berlin last year.
Germany-based financial institution Deutsche Bank has opened an incubator in Silicon Valley with the support of computing company IBM, which is offering resources, expertise and access to its network.
The incubator is the bank’s third, following the opening of Deutsche Bank labs in Berlin and London last year. They have been established as part of the firm’s Strategy 2020, which will involve Deutsche Bank investing €1bn ($1.1bn) over the next five years.
The incubator will build on the work of…
