Deutsche Bank to roll out e-banking signature solution with Daimler Treasury in Singapore

By Megha Bhattacharya

Deutsche Bank today announced that it will be implementing an e-banking signature solution with Daimler Treasury in Singapore in a bid to strengthen the company’s treasury functions in Asian markets. Deutsche Bank has been Daimler’s core transaction banking partner in the Asia Pacific, providing cash management, documentary trade, and risk management solutions.

Chintan Shah, APAC Head of Corporate Cash Management at Deutsche Bank, said, “We are pleased to strengthen further and expand our long-standing relationship with Daimler in the region with the accelerated roll-out of digital solutions to improve operational resilience and enhance risk controls. With this digital signature solution, Daimler’s treasury function will be able to significantly reduce turnaround times for banking signatures from days to minutes while improving documentary risk control.”

The Daimler Group provides financing, leasing, fleet management, insurance, and innovative mobility services. Leveraging DocuSign, an industry-recognized digital signature solution, Daimler will save costs and gain efficiencies by eliminating the need to send via physical documentation to Deutsche Bank.

Dr. Kai Bartlmae, Head Treasury Operations Asia Pacific at Daimler, said, “We are continuously looking for new ways to streamline our operations using digital tools. Deutsche Bank and Daimler Treasury’s use of DocuSign is a major step in digitalizing our treasury processes. We intend to use this solution in other areas in the near future. We are pleased with the benefits of DocuSign, which aligns with Daimler’s culture on digital transformation.”