Deutsche Bank Launches Big Data Service

Deutsche Bank is launching its enterprise analytics capability, which collates and analyses millions of lines of data daily to identify opportunities for efficiencies in the bank’s and its clients’ securities settlements. According to a story in Markets Media, Deutsche Bank’s Securities Services will be bringing live its new enterprise analytics capability in November 2018, enabling daily data analysis on securities transactions. They’ll begin in the German market, with a wider roll-out planned. The platform represents a key step towards unlocking the value of Deutsche Bank’s repository of transaction data, which details the holdings and movements of cash, securities and other instruments in and out of client accounts.