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Deutsche Bank makes FinTech/InsurTech play

Source: IBS Intelligence

Deutsche Bank is partnering with Berlin-based startup accelerator Axel Springer Plug and Play to develop and finance up-and-coming FinTechs and InsurTechs. Axel Springer Plug and Play is a joint venture between the media company Axel Springer and California-based Plug and Play Tech Center. Deutsche Bank has signed on as an exclusive partner, gaining a seat on the selection committee and voting rights. The selected startups will get access to the FI’s Innovation Labs and its Digital Factory in Frankfurt.

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