Deutsche Bank announced today it has become one of the first companies to enable the Symphony Connect Solution for secure chat and collaboration with its clients via WhatsApp.
Following the successful introduction of the WeChat functionality in November 2019, more than 3 billion users can now securely and safely communicate with Deutsche Bank employees, who are restricted in the platforms they can use due to regulatory requirements, the German international lender said.
Through Symphony, Deutsche Bank says it can communicate with clients anytime, anywhere via their preferred chat platform while meeting stringent security and compliance criteria, such as surveillance and data retention.
We are committed to providing technologies that are aligned with our customers' strategy."
This latest development, co-innovated with Symphony, expands Deutsche Bank's diversification of its client interaction platforms, in addition to traditional methods such as email and telephone calls. The ongoing covid-19 pandemic has brought into sharp focus how important it is for banks to stay in close contact with clients to provide advice and expertise during this challenging period.
Bernd Leukert, chief technology, data and innovation officer at Deutsche Bank, said: "An important part of our technology strategy is to enable our people to securely meet our clients at a time and place of their choice, and bringing together Symphony and WhatsApp is a truly innovative way to do so."
Stefan Hoops, head of the corporate bank at Deutsche Bank, added: "Our existing and potential clients want to discuss their options with us. The integration of WhatsApp with Symphony means we, and other businesses in the bank, can make interactions with our clients even easier when they need us most."
"We are committed to providing technologies that are aligned with our customers' strategy while addressing industry-wide challenges such as security and compliance. We are proud to have developed Symphony Connect Solutions that support Deutsche Bank's digital offering," said David Gurlé, Symphony founder and CEO.
The integration of WhatsApp follows Deutsche Bank's introduction last year of WeChat via the Symphony platform.
Deutsche Bank is a founding consortium member of Symphony and has participated in a number of funding rounds since its inception helping to grow and scale the platform.