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Deutsche Bank acquires Indian fintech company

Deutsche Bank AG has acquired India-based fintech startup Quantiguous Solutions to boost its global transaction banking operations.

The German bank plans to accelerate the development of a platform to connect corporate clients, fintech firms and partner companies to its transaction banking platforms and services, according to a May 15 statement.

All of Quantiguous's employees will join the team responsible for the development and roll out of the transaction bank's global application programming interface program.

The transaction price was not disclosed.