Deutsche Bank is paying €50m for a 4.9 per cent stake in open-banking start-up Deposit Solutions in a transaction that values the Hamburg-based start-up at more than €1bn ($1.1bn). Deposit Solutions operates software that links retail clients and lenders, allowing banks to collect deposits from people across Europe who are not their direct customers.

source https://finance.yahoo.com/m/8dc70dd4-1a3f-34f6-ac98-eab0e177b406/deutsche-bank-stake-lifts.html?.tsrc=rss