Deutsche Bank has signed an agreement with Chinese payments group Ant International to collaborate on a series of treasury management and cross border payment projects.
The partnership, announced today in a media statement, will see Deutsche working with Ant’s Embedded Finance unit on tokenised deposits, stablecoins and its AI-powered FX risk management modelling tool, TST FX Model.
Both companies will also further look into the applications of stablecoins for global payments, including real-time cross-border treasury management for Ant’s entities, reserve management and on-ramp and off-ramp services.
“We will leverage our broad product capabilities and strong global network to deliver seamless and secure payment solutions to Ant International and its customers in Europe and Asia,” said Ole Matthiessen, Deutsche Bank’s Head of Corporate Bank APAC & MEA.
“Given the dynamic landscape of financial services, we see great potential to collaborate with Ant International, as one of the world’s leading financial technology providers, to develop innovative payment solutions and transform the future of treasury management.”
As part of the deal, Deutsche Bank will also work with Antom, a merchant payment and digitisation services provider, to extend Antom’s acquiring solutions for merchants in the EMEA region, enabling them to be seamlessly integrated with more payment solutions.
Kelvin Li, General Manager of Platform Tech at Ant International, said: “With a dynamic fintech landscape, Europe is fast-becoming a key hub for global digital payment innovation.
“By combining our digital and payment capabilities with a global leading financial institution, we aim to deliver enhanced payment experiences that meet the evolving needs of global businesses and consumers.”
