Deutsche Bank Rolls Out Digital Signature Solution for Daimler in ASEAN

Published

Deutsche Bank today announced that it is implementing an electronic banking signature solution together with Daimler Treasury in Singapore with potential application in further markets in Asia for the company’s treasury functions.

Document and contract signing remains one of the most important and frequent processes between banks and its clients and, until today, has involved a high degree of manual processing. Leveraging DocuSign, an industry-recognised digital signature solution, Daimler will save costs and gain efficiencies by eliminating the need to send via physical documentation to Deutsche Bank.

Deutsche Bank has been Daimler’s long-term core transaction banking partner in Asia Pacific, providing cash management, documentary trade, and risk management solutions.

The Daimler Group is one of the biggest producers of premium cars and the world’s biggest commercial vehicle manufacturer with a global reach. The company provides financing, leasing, fleet management, insurance, and innovative mobility services.

Chintan Shah, APAC Head of Corporate Cash Management at Deutsche Bank, said: “We are pleased to strengthen further and expand our long-standing relationship with Daimler in the region with the accelerated roll-out of digital solutions to improve operational resilience and enhance risk controls. With this digital signature solution, Daimler’s treasury function will be able to significantly reduce turnaround times for banking signatures from days to minutes while improving documentary risk control.”

Dr. Kai Bartlmae, Head Treasury Operations Asia Pacific at Daimler, said: “We are continuously looking for new ways to streamline our operations using digital tools. Deutsche Bank and Daimler Treasury’s use of DocuSign is a major step in digitalising our treasury processes. We intend to use this solution in other areas in the near future. We are pleased with the benefits of DocuSign, which aligns with Daimler’s culture on digital transformation.”

Most recent episodes

Central Bank Digital Currencies: What Treasurers Need to Know

Jean-Marc Servat, Chairman of the European Association of Corporate Treasurers (EACT) and TMI's Eleanor Hill take a deep dive into the world of crypto assets to discuss why Central Bank Digital Currencies (CBDCs) are...

17:14

From 2020 to 2021: Treasury in Transition

Over the last 12 months, the treasury community has successfully navigated some of the toughest trading and operational conditions in living memory. In this interview, Peter Cunningham, Citi, chats to TMI’s Eleanor...

24:59

A New Era for Treasury Centralisation

The second instalment of the Journeys to Treasury podcast series sees Wim Grosemans, BNP Paribas Cash Management, and Didier Vandenhaute, PwC, consider why centralisation has become such a persistent theme for treasurers in a Covid-19 world. In this episode, our...

18:40

Re-tooling Treasury for a Resilient Future

Preparing for the unknown is a challenge. But forward-thinking treasurers are beginning to access real-time useable data to optimise cash forecasting – and automating investment processes. Eleanor Hill speaks to Jim...

32:28

Innovation for Long Term Resilience

Johnny Grimes, Deutsche Bank, joins TMI's Eleanor Hill in the TreasuryCast studio to cover the ways in which treasury functions have hastily adapted to counteract the disruption caused by the ongoing pandemic. Our guest considers how an accelerated pace of...

19:17

Journeys to Treasury: What’s New for 2021?

In this special edition of TreasuryCast, Jan Dirk van Beusekom, BNP Paribas, and François Masquelier, SimplyTREASURY, join Eleanor Hill to contemplate findings from the first chapter of the 2020 - 2021 Journeys to...

22:29

Easing Bank Connectivity with Fintech Innovations

How can technology advances – and fintech solutions – help to streamline the banking experience for corporates? And what are the best practice guidelines treasurers can follow while embarking on their digital...

19:58

E-commerce and Strong Customer Authentication: Treasury Imperatives

TMI's Eleanor Hill invites Sara Savidge and Colm O'Monachain, Merchant Services, Wholesale Payments, J.P. Morgan to sit in the TreasuryCast hotseat and discuss how corporate...

13:25

Preparing for the Next Digital Treasury Challenge

We speak with Boris Lipiainen, Chief Technology Officer and Simon Shorthose, MD, Northern Europe, Kyriba, about how the world is changing for treasurers and CFOs, how to prepare for the next challenges and about the...

13:38

Treasury in 2021

What's in store for treasury in 2021? TMI's Eleanor Hill chats with Jared Smith, Managing Director, Global Head - Corporates, Global Liquidity and Cash Management, HSBC, to discuss how unprecedented economic circumstances are facilitating an uptake in digital...

15:27