wordpress blog stats
Connect with us

Hi, what are you looking for?

Deutsche Bank acquires Mumbai-based fintech startup Quantiguous Solutions

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 RBL Bank, according to its website.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

News

By Stella Joseph, Prakhil Mishra, and Yash Desai The Government of India circulated proposed amendments to the Consumer Protection (E-Commerce) Rules, 2020 (“E-Commerce Rules”) which...

News

By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....

You May Also Like

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

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...

Advert

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...

News

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...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ