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Tag: Deutsche Bank blockchain

blockchain car financing platform FTSE / NASDAQ NEWS 

Deutsche Bank, Allianz and Auto1 to Launch Blockchain Car Financing Platform

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Europe’s largest car buyer, Auto1 has partnered with Deutsche Bank and Allianz to create a blockchain car financing platform entitled ‘Auto1 Fintech’. As a major supplier to the commercial used vehicle market, Auto1 works with 45,000 dealers across 30 countries, generating a turnover of 1.5 billion euros per year. Collectively owning more than fifty percent, the three German companies aim to streamline the financing and insurance process, from two weeks to a few seconds utilising blockchain technology.

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European Banks Complete First Blockchain Financial Trades FTSE / NASDAQ NEWS 

Nine Major European Banks Complete First Blockchain Financial Trades with ‘we.trade’

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A consortia of nine major European banks including HSBC, Santander and Société Générale, have announced the successful completion of the first ten blockchain financial trades, made using their jointly developed blockchain platform, we.trade. The trade solution, built on IBM’s Hyperledger Fabric blockchain, is aimed to be a game changer for SME commercial banking clients within Europe. Available across eleven countries, COO Roberto Mancone confirmed it will begin licensing to other banks over the coming months, expanding its reach globally.

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