Today in Germany: Deutsche Bank, Deutsche Post


Axel Springer Plug and Play cooperates with Deutsche Bank

German banking house Deutsche Bank announces a cooperation with Axel Springer’s accelerator Plug and Play. With this cooperation, fintech and insurtech ideas will picked, developed and financially supported. Founders who get access to Deutsche Bank will also be able to join at Deutsche Bank’s Digitalfabrik (“digital factory”) in Frankfurt.

Court rules against Deutsche Post in IDnow case

For a long time, Deutsche Post was the monopolist when it came identification solutions. For example, if you want to open a banking account for an online bank you need to verify your identity at a post office. However, in the digital age, new solution came up, like IDnow which offers eSign. eSign lets customers buy loans and other contracts over their phone. While Deutsche Post argued the Munich-based startup was anticompetitive and shared misleading information in their advertising, a court now rules: the startup is fine.
[Gründerszene] (German)

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