Upvest and Deutsche Bank establish new partnership. Source: Shutterstock

Germany-based Deutsche Bank has partnered with European investment infrastructure provider Upvest.

By integrating Deutsche Bank’s banking infrastructure into its services, the partnership will allow Upvest to increase the range of products it offers.

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Clients of Upvest will get the benefit of virtual IBANs, foreign exchange services, and end-user cash management solutions through the bank.

The main advantages of the collaboration:

  • Cash management: Upvest will deliver cash management solutions through Deutsche Bank’s banking capabilities, enabling financial service providers to optimise liquidity, streamline operations, and enhance financial control.
  • Virtual IBANs: Upvest can now offer quick and convenient payment options with Deutsche Bank’s progressive virtual IBANs service. It matches incoming pay-ins instantly, accelerating the investment process.
  • Foreign exchange (FX) services: The cooperation will enable Upvest to provide advanced currency exchange services through its Investment API. Deutsche Bank’s integrated workflow solution lowers costs for Upvest clients. It allows for real-time currency changes for overseas investments, boosting the entire user experience.

Galina Kersten, head of tech & fintech sales EMEA at Deutsche Bank, commented: “Providing our services to the Berliner fintech Upvest as one of the leading scale-ups in the capital market investment area aligns with our dedicated commitment to supporting tech and fintech innovation. We look forward to working closely with Upvest to enable pan-European, instant, and API-based solutions in payments, FX, and beyond. The strongly growing neo-broker segment is the ideal fit to experience the innovation power of Deutsche Bank”.

Martin Kassing, CEO, and co-founder of Upvest, added: “We are thrilled to join forces with Deutsche Bank, a global leader in banking. Specifically, the fintech know-how, flexibility, and tech focus of the Deutsche Bank team will support us in achieving our ambitious growth plans. With their comprehensive banking solutions, we are well-positioned to further enhance our product offering and deliver unparalleled value to our clients”.

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Upvest is a fintech company that simplifies investing by offering a range of investment products and a user-friendly Investment API. It’s one of the few in Europe offering full investment opportunities in principal broking, proprietary trading, and safe custody for traditional and crypto assets. Founded in 2017, it employs over 150 people in Berlin.