Deutsche Bank is looking to acquire companies or enter joint ventures with other companies in an attempt to become a significant player in Europe's digital payments market, the Financial Times reported on Sunday (November 22).
The Financial Times also quoted Hoops as saying that a potential acquisition could be "a small payment processing company that is … struggling to meet stricter regulatory demands." Another option would be to make a joint venture "with someone who is great (elsewhere) but not so present in Europe".
In addition to looking for ways to use deals to increase the market share of digital payments, Deutsche Bank has also hired the best talent in the industry, the Financial Times noted. The newspaper listed the recent hires as having included FinTech entrepreneur André Bajorat and Kilian Thalhammer, a former senior executive at Wirecard.
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