Commerzbank

139 results about this entity

Period: 07 Feb 2005 - 20 Jun 2024

Commerzbank to axe jobs and branches, invest in digitalisation

Commerzbank will reduce its headcount by 2300 and close 200 branches as part of strategic plan that will also see EUR750 million pumped into digitalisation and IT infrastructure.

Commerzbank mulls deeper branch cuts and further job losses

Germany's Commerzbank is mulling the shut down of up to 200 branches with the loss of 2000 jobs as part of a new strategic plan to be unveiled this Autumn.

Marco Polo brings onboard first logisitics partner for pilot transaction

LBBW and Commerzbank have once again executed a trade transaction between Voith and KSB SE, via the Marco Polo trade finance network, built on R3’s distributed ledger technology (DLT) platform, Corda.

Commerzbank tests 'cash on ledger' for machine-to-machine payments

Commerzbank is testing a blockchain-based machine-to-machine payment system with Daimler Trucks.

Three German institutions and federal state invest $20 million in Arabesque S-Ray

Arabesque S-Ray, a leading global data provider of environmental, social, and governance (ESG) metrics, today announced strategic partnerships with four new co-investors: Allianz X, Commerz Real AG, DWS Group, and Land Hessen.

Big banks create Utility Settlement Coin company

Some of the world's biggest financial services firms - including Barclays, Nasdaq and UBS - have pumped £50 million into a new venture building a Utility Settlement Coin (USC), an asset-backed digital cash instrument implemented on distributed ledger technology.

Marco Polo blockchain network completes EU to Asia trade transaction

Bangkok Bank and Commerzbank have jointly run an international trade transaction based on Distributed Ledger Technology (DLT).

Mosaic Smart Data snags $9 million in funding

Commerzbank's VC arm and Octopus Ventures have joined JPMorgan in a $9 million fund raise for capital markets data analytics startup Mosaic Smart Data.

Commerzbank and Raisin team on savings platform for corporate clients

Commerzbank has joined force with German fintech Raisin to launch a savings platform for corporate clients.

Marco Polo blockchain network used for commercial transactions

The Marco Polo blockchain trade finance network has successfully navigated unchartered territory, facilitating two commercial transactions involving Commerzbank and LBBW.

Commerzbank and Deutsche Bourse settle repo transaction on blockchain

Commerzbank and Deutsche Bourse have successfully used distributed ledger technology to execute a legally binding settlement of a repo transaction.

Commerzbank, Continental and Siemens test blockchain tech on money market

Commerzbank has teamed up with Continental and Siemens to carry out a EUR100,000 test commercial paper transaction using blockchain technology.