Deutsche Bank and Ant International Announce Strategic Partnership to Provide Integrated Cross-Border Payment Solutions to Global Merchants

Deutsche Bank and Ant International have announced their strategic partnership to provide more comprehensive payment solutions for businesses of all sizes in Europe and Asia, by combining their expertise and leveraging Ant International's proprietary tokenisation and AI-based FX technology. The bank will collaborate with Ant International's Embedded Finance unit on a series of global treasury management and cross-border payment innovations, including tokenised deposits, stablecoin, and its Time-Series Transformer (TST) FX Model. Deutsche Bank will be the first German bank to facilitate Ant International's blockchain-based real-time treasury management platform to enable real-time fund transfers between Ant International's intragroup entities.

This will enable more efficient and transparent global treasury management for Ant. In addition, the two sides will also explore cross-border payment innovations, includes tokenised bank deposits, stablecoin and Ant International's Falcon TST FX Model, to help Ant International and its clients reduce FX-related cost and risks. Both companies will also further look into the applications of stablecoins for global payments, including real-time cross-border treasury management for Ant's entities, reserve management and on-ramp and off-ramp services.

Deutsche Bank will also work with Antom, a merchant payment and digitisation services provider, to scale up their collaboration to extend Antom's acquiring solutions for merchants in EMEA, enabling them to be seamlessly integrated with more payment solutions. The bank will also support WorldFirst's suite of payments-related solutions for SMEs in e-commerce and cross-border trade, including but not limited to account collections, payments and FX services. It will also enable the account and financial service provider to access its global network to serve its clients.

Expanding on a client relationship that has been in place since 2019, the two sides signed a Memorandum of Understanding (MoU) on June 8 in Munich, Germany to deepen the strategic collaboration.