Deutsche Bank Teams Up with Yonyou Network Technology: A Strategic Partnership for Innovation

Today in Beijing, Deutsche Bank (China) Co., Ltd. and Yonyou Network Technology Co., Ltd. came together to sign a strategic memorandum of understanding (MOU).

This partnership aims to create a new model for global financial services, focusing on Global Treasury Management (GTM). The collaboration will drive innovation in digital financial solutions and support the international growth of Chinese businesses.

With this MOU, Deutsche Bank and Yonyou plan to connect their systems. This connection will allow smooth data sharing and communication, making it easier for businesses to manage their finances, cut costs, and control risks.

One of the key goals is to improve domestic and cross-border payment options. By using Deutsche Bank’s global network, the partnership will simplify financial management and enhance cash operations for Chinese companies looking to expand internationally.

Besides GTM, both companies will work on creative financial solutions that meet various needs of corporate clients. They aim to advance financial technology and support cross-border transactions. Together, they will leverage Deutsche Bank’s global expertise alongside Yonyou’s large client base to mutually benefit each other.

Leo Yin, President of Deutsche Bank China, expressed excitement about the partnership:

“We are thrilled about this collaboration. By combining our strengths, we can drive innovation and provide comprehensive international services to Chinese enterprises. Supporting the global ambitions of Chinese companies is a key goal for us, and we look forward to being part of that journey.”

Huang Chenhong, President of Yonyou, added:

“Yonyou is dedicated to helping businesses with digital transformation. Our partnership with Deutsche Bank will integrate resources to create a strong global financial services model. We aim to offer clients seamless solutions that combine management with finance. We are eager to work with Deutsche Bank to help Chinese companies succeed on the world stage.”