back Back

Deutsche Bank rolls out green deposits for corporates

By Megha Bhattacharya

March 31, 2021

  • Deutsche Bank
  • Germany
Share

Deutsche, bank, Thailand, 2C2P, paymentsDeutsche Bank today announced the launch of a green deposits programme for its corporate clients. The new cash management solution will be in form of term deposits for under 12 months. Deutsche Bank’s green asset pool may include loans to companies and projects which support the transition to clean energy sources and to an energy-efficient and environmentally sustainable global economy.

“The new programme is an important step on our journey into ESG as a cash management provider. It marks the first of many cash management products we’ll look to introduce as part of the bank’s sustainability framework”, said Ole Matthiessen, Head of Cash Management at Deutsche Bank. “Linking our clients’ liquidity requirements with their sustainability goals is a huge achievement, one that we’re very proud of and something we’ll continue to build on as a liquidity solutions provider in the future”, explained Johnny Grimes, Head of Liquidity Product, Transactional FX at Deutsche Bank.

According to the Bank, it follows a three-step process to identify eligible green assets within these sectors, including a pre-selection process to identify eligible loans in the portfolio; an internal validation process, whereby the Deutsche Bank Green Financing Forum confirms whether the selected assets comply with the bank’s framework; and an external verification process by a reputable third party.

Recently, Deutsche Bank and Mastercard announced the expansion of their partnership in a bid to boost developments in digital payments for its clients. The collaboration will enable companies to offer their products and services to new customer demographics, to develop digital business models and expand sales channels in Germany and beyond.

Previous Article

March 31, 2021

InfraRisk and Banjo Loans launch a short term loan platform in Australia

Read More
Next Article

March 31, 2021

ForumPay and Sionic partner to offer crypto-to-fiat gateway services in the U.S.

Read More







Advertise with us



IBSi Daily News Analysis

Web 3.0 in FinTech

May 20, 2022

Deutsche Bank

Will Web 3.0 unlock the future potential of FinTech?

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 20, 2022

iMaps Capital Markets launches Aiternativ Dynamic ETI with an actively managed certificate for AI trading strategies

Read More

May 19, 2022

Olea and Vayana Network to offer cross border trade finance in India

Read More

May 12, 2022

TreasurySpring partners with the London Stock Exchange to offer short-term sustainable funding

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More