Germany-based chemical producer BASF marks the first Deutsche Bank client to use the new digital solution in Asia Pacific
German investment bank and financial services company Deutsche Bank has announced the availability of digital signatures for clients in Asia Pacific, following its global launch in 2018.
Deutsche Bank said that the cross-border document and contract signing is a time-consuming process, and the digital solution is expected to streamline and accelerate the client experience.
Deutsche Bank APAC cash products head Chintan Shah said: “We strive to streamline our clients’ processes wherever possible to support their business demands, and we believe that solutions like digital signatures are a key way to achieve this.”
Deutsche Bank implements digital signatures for BASF
Deutsche Bank has introduced its first digitally signed document in the Asia Pacific for BASF’s Regional Treasury Centre (RTC) in Hong Kong.
BASF is a Germany-based chemical producer and long-term client of the bank and marks the first Deutsche Bank client to use the new solution in the Asia Pacific.
BASF – Asia Pacific regional treasurer Jimmy Lui said: “Being a regional treasury, we often execute agreements with our banking providers that impact a number of our entities across the region.
“Having a digital signing process that is available in all markets where we operate, makes banking with Deutsche Bank easy and efficient. This development also aligns with our corporate focus to drive digitalisation in our processes.”
Deutsche Bank said that the new digital solution enables its clients to accelerate the opening of accounts, sign documents and agree on contracts with the bank, and is available to across 21 countries worldwide.
In May 2019, the bank selected Red Hat to provide open hybrid cloud technologies for optimising its Fabric application platform.
Deutsche Bank said that Fabric is a major component of its digital transformation strategy, and acts as an automated and self-service hybrid cloud platform for the development of its application teams to effectively deliver and scale applications.
In addition, cloud-native application development methodologies including containers, microservices and DevOps are expected to deliver flexible, on-demand services to customers in the global finance market.