Deutsche Bank’s CVC team invests in fintechs and technology start-ups. Credit: Sabine Felidae from Pixabay.

German financial services firm Deutsche Bank is partnering with Synthesized, a data generation platform provider, to enhance its data capabilities.

The tie-up will see the bank’s Corporate Venture Capital (CVC) group invest an undisclosed sum in the technology firm.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Synthesized caters to data and engineering teams by enabling them to create and share data by leveraging machine learning and automation.

The lender is already partnering with Synthesized to better use data and accelerate the adoption of AI/ML-powered client insights while enhancing privacy and security.

Deutsche Bank’s engineering teams can access synthetic test data via Synthesized’s platform to speed up testing, get more accurate outcomes and reduce time to market.

The synthetic, non-traceable versions of original datasets are expected to help the bank experiment with large data sets for AI/ML use cases and additional new technologies.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Deutsche Bank chief innovation officer and head of corporate venture group Gil Perez said: “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.

“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.”

Deutsche Bank’s CVC is focused on investing in fintechs and technology start-ups that can help the bank enhance client experience, create new banking and financial services or increase efficiency. With the investment, Synthesized has become a part of the bank’s CVC portfolio, which includes SkyHive, Tania and SeaLights.