Deutsche Bank 24, AOL Europe Define Alliance
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The two companies will at first focus on the establishment and extension of a new Internet platform in the areas of e-banking and online brokerages, both companies reported. AOL is to become the door-opener for the Deutsche Bank, particularly in the mobile Internet arena.
All customers of the Deutsche Bank 24 (former Deutsche Bank) will be offered a introductory Internet package. This will include a reduced-cost PC to be used for online banking and includes AOL access. Another bonus, say the companies, is that customers of the Deutsche Bank 24 will in the near future be able to register with AOL in all bank branches. Deutsche Bank 24 already claims to have around 650,000 online customers.
In addition, AOL and Deutsche Bank 24 plan to enter the market with a shared index fund, to be managed by DWS. The fund will concentrate on lifestyle and technology stocks. Customers will be able to regularly confer with the fund managers via AOL chat.
AOL launched its first WAP platform just in time for German tech show CeBIT.