Deutsche Bank has acquired Mumbai-based software company Quantiguous Solutions to accelerate the development of its open banking platform.

The bank’s press center has revealed that the open banking platform is designed for developing innovative client applications and connecting corporate clients, FinTechs and partner companies to the bank’s Transaction Banking platforms and services.


 
All employees of Quantiguous will join Deutsche Bank.

“We are excited to become part of Deutsche Bank. This is a remarkable opportunity for us to build an Open Banking platform on a global scale, with an international bank that is committed to the concept of Open Banking. We have always believed that this is the foundation for a connected financial ecosystem,” said Akhilesh Kataria, Founder and CEO of Quantiguous Solutions.

“The injection of this high-quality talent pool from Quantiguous into the bank’s digital franchise will help us go to market faster,” noted Thomas Nielsen, Chief Digital Officer, Global Transaction Banking at Deutsche Bank.

The parties didn’t disclose the value of the transaction.

The partner of Fintech section is