Deutsche Bank
Also a provider — view Deutsche Bank’s profile →“Can a 155-year-old universal bank reinvent itself as the regulated infrastructure layer behind every fintech, stablecoin, and embedded-finance platform in Europe and Asia?”
Founded1870
HQFrankfurt, Germany
IndustryBank / National
The story
A 155-year-old universal bank that — alongside its core EUR/USD clearing franchise — is repositioning as embedded finance infrastructure for fintechs and corporates. Recent moves (Airwallex FX rails 2020, Credi2-powered BNPL 2022, Capchase warehouse 2024, Ant International tokenization/stablecoin 2025, dbX platform 2026) show a deliberate strategy to become the bank-grade backend behind other companies' financial products rather than only serving end customers directly.
Last 12 months
2025-06
Product timeline
1870
Founded in Berlin as a specialist bank for foreign trade· founding
1929
Merged with Disconto-Gesellschaft· acquisition
1990
Acquired Morgan Grenfell, expanding into UK investment banking· acquisition
1998
Acquired Bankers Trust· acquisition
2010
Acquired Deutsche Postbank, deepening German retail presence· acquisition
2020
Partnered with Airwallex to provide virtual account collections and API-enabled FX in Japan/HK· partnership
2022
Launched white-label BNPL solution for e-commerce with Credi2 as tech partner· lending
2024
Led €105M credit facility for Capchase to fund European SaaS RBF lending· lending
2025
Strategic partnership with Ant International for cross-border payments, tokenized deposits, stablecoin, and TST FX Model· partnership
2026
Building dbX correspondent banking gateway spanning 21 products across digital money pillars· pivot
Regulated entities
1
regulatory licence held by Deutsche Bank
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
In the press
embeddedfinancereview.com ↗Coverage sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
The stack
7 layers disclosed in Deutsche Bank’s embedded-finance stack
Payments / PSP
Deutsche Bank Card Acquiring (self-operated)Deutsche Bank Merchant Solutions (self-operated)
Banking / BaaS
in the full report
Lending
in the full report
Open banking
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: none
12 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.