Deutsche Bank Group is giving Deutsche Bank Wealth Management a boost today by teaming up with wealthtech firm QPLIX. The partnership also comes with an investment for QPLIX; Deutsche Bank has acquired a minority stake in the Germany-based company.
“With this cooperation, we are combining the innovative power and digital expertise of QPLIX with Deutsche Bank’s large client base and many years of experience in serving ultra-high net-worth clients,” said Kai Linde, co-founder and managing director of QPLIX.
With the collaboration, Deutsche Bank’s Wealth Management arm will use QPLIX to help clients manage and control investments among all asset classes, including illiquid investments such as real estate, on a digital platform. The bank will also tap QPLIX’s software for Deutsche Private Port, the digital investment office of Deutsche Bank Wealth Management.
For its part, QPLIX will leverage Deutsche Bank to offer its clients access to 100 data interfaces.
“With comprehensive asset mapping, we are meeting a need of our top clients and strengthening our market leadership in Germany,” said Deutsche Bank’s Head of Wealth Management Germany Frank Schriever.
Source: https://finovate.com/deutsche-bank-wealth-management-taps-qplix-to-boost-digital-presence/
