Deutsche Bank and TIS sign treasury deal
Deutsche Bank has signed a partnership deal with Treasury Intelligence Solutions (TIS) for the distribution of multi-bank services for treasury and finance.
The two firms are working on a “combination of complimentary capabilities” to create “new and innovative products and services”.
A primary focus is on payment fraud prevention combined with the TIS cloud platform. It will “leverage the knowledge of all corporates” to improve the detection of potential fraud.
Ole Matthiessen, global head of cash management at Deutsche Bank, says the deal mitigates an “ever increasing fraud risk”.
He adds: “Establishing client solutions that are beyond traditional financial services by leveraging Deutsche Bank’s expertise in global payment markets is a key focus area for us.”
TIS chief product officer, Erol Bozak, says harnessing both company and community data is “a big win” for customers.
In June 2020, TIS raised $20 million for its B2B payment platform. It said it would use the new funding for product development and improving operations in Europe and the US.