Leading Custody Services Provider in Emerging Markets Recognized
Deutsche Bank's Securities Services business has been recognised for its outstanding achievements in the financial sector, winning several prestigious awards that highlight the team's commitment to innovation, partnerships, and delivering cutting-edge technology and services to clients.
The bank's Securities Services team, in collaboration with Kodex AI, received the Editors' Choice award for Innovation in AI technology for Project Aggie. Paul, a representative from Deutsche Bank, expressed his delight about this recognition, stating that the award underscores the team's focus on embracing new technology and innovation. Project Aggie, a LLM prototype developed by the team, analyses regulatory texts in local market language and provides a fully referenced summary output in English to help clients navigate the complex regulatory landscape.
In addition, the bank's Securities Services team was voted Best Provider - Emerging Markets by Network Managers. The team also won the Best in Emerging Markets Asia Agent Bank of the Year - Emerging Markets Overall award. Furthermore, the bank's Securities Services business received Best in Class for custody services - Overall, Asset Servicing - Asia. These awards further endorse Deutsche Bank's website's performance in emerging markets and its Global Hausbank strategy, which includes offering a comprehensive suite of solutions across all its businesses.
The bank's partnership with CIMB Islamic Bank also yielded significant success. Their new Shariah-compliant domestic custody offering in Malaysia earned them the Editors' Choice award for Asset Servicing Partnership of the Year. Deutsche Bank's partners at CIMB Islamic Bank were congratulated for their role in the success of this award-winning partnership.
The success of these awards underscores Deutsche Bank's dedication to providing top-tier services and solutions in the securities services sector. The bank continues to strive for excellence, leveraging technology and partnerships to deliver the best possible outcomes for its clients.
The Deutsche Bank's Securities Services team, in conjunction with Kodex AI, also demonstrates excellence in the realm of artificial-intelligence through Project Aggie, which has been honored as the Editors' Choice award recipient for Innovation in AI technology.
Furthermore, the bank's Securities Services business extends its reach in the emerging markets scene, showcasing its comprehensive suite of solutions across multiple businesses, as evidenced by winning the Best Provider - Emerging Markets, Best in Emerging Markets Asia Agent Bank of the Year - Emerging Markets Overall, and Best in Class for custody services - Overall, Asset Servicing - Asia awards.
