Announced
Synopsis
Deutsche WertpapierServiceBank, a provider of securities services in Germany agreed to acquire Lemon.markets a brokerage-as-a-service platform. Financial terms are not disclosed. "With lemon.markets' technological expertise and innovative offering, we now offer banks, as well as fintechs and asset managers, the best of both worlds in the securities business – expertise and stability with innovative strength. Within the dwpbank Group, we are thus opening up growth opportunities for them, complementing our full custody offering, in a securities market increasingly dominated by neo-brokers and online brokers," Kristina Lindenbaum, dwpbank Member of the Board of Management for Customer and Digital Transformation.
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