Michael Koch and Deutsche Bank

mobile banking: One of the Wired Money 2016 event sponsors was Deutsche Bank, Germany biggest private bank, and one of its oldest, founded in 1870, according to Deutsche Welle. But venerable as the bank may be, its representatives, including Deutsche head of mobile banking, Michael Koch, weren't there to pay obeisance to tradition. The building now serves as an event venue with a hipster flair. Instead, Koch was there to unveil Deutsche new mobile banking app, which he said was a big jump forward in the bank online banking access technology. "More and more people are leaving behind desktop computing and going to mobile devices," Koch said. "We set out to design a new mobile app that aesthetically pleasing as well as powerful and easy-to-use." Some heavy hitters are entering the payment ecosystem, including Apple , Facebook , Google , and China Alibaba The new app went live just two days ago, and Koch, demonstrating its functions to a DW reporter, was visibly pleased at the result. Deutsche Bank has also recently joined together with several other major German banks to launch Paydirekt, a belated competitor to Paypal in the online payments sphere. For now, it available only on Apple mobile devices, but an Android version will be available in several weeks' time, Koch said. (news.financializer.com). As reported in the news.