trending Market Intelligence /marketintelligence/en/news-insights/trending/74N-A-_jT80qBp2DtKbawA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Deutsche Bank's asset management unit acquires stake in UK AI company

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Deutsche Bank's asset management unit acquires stake in UK AI company

Deutsche Bank AG's asset management unit DWS Group GmbH & Co. KGaA acquired a minority stake of 24.9% in British technology company Arabesque AI to boost its AI capabilities and speed up its digital readiness efforts.

Arabesque AI uses artificial intelligence to predict share price movements through a proprietary AI engine that combines machine learning, big data and high-performance computing.

Financial terms of the transaction — that has already completed — were not disclosed. DWS and Arabesque AI also struck a strategic partnership to enhance the AI engine's capabilities and develop AI-based investment solutions.

DWS CEO Asoka Woehrmann said the deal is the next step in the digitalization of the company and will allow it to use disruptive technology within the asset management industry to its advantage.