Deutsche Bank has acquired Mumbai-based fintech startup Quantiguous Solutions. The bank said in a press statement that the move will strengthen its global transaction banking franchise. “With the help of Quantiguous, the bank will accelerate the development of its Open Banking platform,” the bank said in a statement. As part of the acquisition, Deutsche Bank will take over all employees of Quantiguous, who will join the core team responsible for the development and roll-out of the transaction bank’s global API programme. The bank and Quantiguous didn’t disclose the value of the transaction. Quantiguous was founded in early 2014 by Akhilesh Kataria and it provides machine-to-machine interactions via APIs and human-to-machine interactions and human to machine interactions on mobile devices. Its enterprise apps include Service First, which helps manage the life-cycle of service requests, complaints and tasks of an organisation. The other one is API Banking, which provides a user interface to configure the behaviour of services (Service Center), a monitoring (Surveil), a testing tool with pre-baked test plans for quality assurance (Okay & Ditto), and a deployment tool for your change management teams (Enwrap). John Gibbons, Head of Global Transaction Banking spoke of the importance of this acquisition, “The need to provide an easy-to-use, seamless customer experience, with new digital services offered across a broad number of touchpoints has never been greater.” This is Deutsche Bank’s first acquisition in India, which was reportedly stitched together after the Germany-based company first initiated talks. The startup has worked with Yes Bank and…
- TRAI consultation on digital inclusion focuses on emerging technologies but doesn’t define what they are December 7, 2023
- Google announces its next generation AI model Gemini December 7, 2023
- Manipur Transport Department Initiates Process For Implementation Of Integrated Vehicle Tracking Platform December 7, 2023
- IT Ministry Blocks 100+ Websites Linked to Investment and Employment Scams December 7, 2023
- DoT detects 67 lakh suspected connections, disconnects around 55 lakh: All you need to know December 7, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...