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    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
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Real-time Estimate Tradegate  -  11:56 2022-12-07 am EST
9.967 EUR   -1.04%
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Deutsche Bank : invests in Synthesized

09/28/2022 | 11:16am EST

The bank's Corporate Venture Capital (CVC) group is investing in Synthesized, a leading data generation platform provider, which allows engineering and data science teams a quick way to create and share trusted data through advanced machine learning and automation.

Deutsche Bank is already partnering with Synthesized to better leverage data and accelerate the adoption of client insights driven by AI/ML, while at the same time protecting data privacy and security. Via Synthesized, the bank's engineering teams have access to the synthetic test data they need - speeding up testing, driving more accurate outcomes and shortening time to market. Through synthetic, non-traceable versions of original datasets, the platform will enable the bank to rapidly experiment with large data sets for AI/ML use cases and additional new technologies.

"Synthesized's mission is to provide access to secure, compliant, high-quality synthetic data, faster and easier. Our investment in Synthesized will further accelerate our application migration, data analysis, experimentation and testing in the cloud - enabling Deutsche Bank to increase its data productivity and innovation velocity," said Gil Perez, Chief Innovation Officer and Head of Corporate Venture Group at Deutsche Bank. "We are thrilled to expand our partnership with Synthesized and having it join the bank's Corporate Ventures Capital portfolio companies. This is another milestone in Deutsche Bank's ongoing cloud and innovation journey."

Synthesized is the latest addition to the bank's CVC portfolio, following the investment into SkyHive, Tania and SeaLights. The CVC programme is a core element of the bank's innovation agenda. The CVC team focuses on investing in selected fintech and start-up technology solutions that will enable Deutsche Bank to either improve the client experience, create innovative banking and financial services, or increase productivity by helping the bank to digitalise more of its front-to-back processes.

Find out more about the CVC programme here.

Disclaimer

Deutsche Bank AG published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 15:15:02 UTC.


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Sales 2022 27 008 M 28 411 M 28 411 M
Net income 2022 3 944 M 4 149 M 4 149 M
Net cash 2022 38 370 M 40 364 M 40 364 M
P/E ratio 2022 5,44x
Yield 2022 3,02%
Capitalization 20 519 M 21 585 M 21 585 M
EV / Sales 2022 -0,66x
EV / Sales 2023 -0,53x
Nbr of Employees 84 556
Free-Float 92,1%
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Last Close Price 10,07 €
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Christian Sewing Chief Credit Officer
Karl von Rohr Vice Chairman & Co-President
James von Moltke Co-President & Chief Financial Officer
Alexander Rijn Wynaendts Chairman-Supervisory Board
Bernd Leukert Chief Technology, Data & Innovation Officer
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