Deutsche Bank | WorkFusion
Customer Spotlight

Deutsche Bank

Deutsche Bank Innovation Labs recognized by Global Finance Magazine
WorkFusion powers “a recent innovation that helps Deutsche Bank better handle the truckloads of paper regularly delivered to its document custody center.”
Automation in Banking
Bringing Innovation to
Document Processing
The digitization of banking presents both opportunities and threats to institutions, and fintech innovation hubs are on the front lines of the fight for margin expansion and risk mitigation.
Global Finance Magazine researched innovation hubs around the world and identified 25 that stood out for their vision and effectiveness, and Deutsche Bank is among them for bringing AI-driven document processing to its operations.
“Previously, Deutsche Bank employees had to manually process documents on behalf of the bank and its clients – a costly, time-consuming and cumbersome operation. After studying the problem, Deutsche Bank Innovation Labs reached out to startups specializing in artificial intelligence (AI) and robotic automation.
Working with the bank’s business, technology and operations arms, the lab assessed several solutions before settling on one offered by the New York City-based WorkFusion. Employing cognitive automation technology, this solution has dramatically reduced the amount of human intervention required to process paper documents, increasing profitability in the process.”
The most successful innovation centers balance “real-life opportunities today with the possibilities of tomorrow.”
Joerg Landsch, Head of Innovation for the Americas, Deutsche Bank
Deutsche Bank and WorkFusion have collaborated for over 3 years on bringing practical, ROI-driven automation solutions to its operations to support customer experience, revenue growth and transformation initiatives around the world.
You can learn more about Deutsche Bank’s achievements and their peers in the full article, The Innovators 2019: Innovation Centers here.
“Previously, Deutsche Bank employees had to manually process documents on behalf of the bank and its clients – a costly, time-consuming and cumbersome operation. After studying the problem, Deutsche Bank Innovation Labs reached out to startups specializing in artificial intelligence (AI) and robotic automation.
Working with the bank’s business, technology and operations arms, the lab assessed several solutions before settling on one offered by the New York City-based WorkFusion. Employing cognitive automation technology, this solution has dramatically reduced the amount of human intervention required to process paper documents, increasing profitability in the process.”