Deutsche Bank reportedly makes contact with digital investment fintech Scalable Capital
Deutsche Bank, Germany’s largest bank, is reportedly engaged in early stage talks with digital investment and broker platform Scalable Capital over a potential investment or partnership deal, according to German business media outlet Handelsblatt.
Deutsche Bank reportedly in talks with Scalable Capital
Scalable Capital was founded in 2014 and offers neo-advisory, wealth and asset management services from its bases in Munich, Berlin and London.
Handelsblatt says that according to sources, the bank is assessing whether the platform could prove beneficial to its private client business, with other parties also said to be interested in the fintech.
Neither Deutsche Bank nor Scalable Capital have confirmed the talks.
Deutsche Bank has slowly continued to build out its investment and advisory services over the past year.
In May, it struck a £410 million deal to acquire the investment bank Numis, which is set to close in Q4 2023 and would strengthen its corporate brokering and advisory services in the UK. It also tapped Belgian wealthtech Abbove last year for wealth planning services.
The bank is also thought to be developing an app-based offering for consumer investing, which is due to arrive in 2024.
