Deutsche Bank to Relocate Payment App Yunar Team to Berlin

(Bloomberg) -- Deutsche Bank AG is moving 80 employees responsible for its loyalty scheme payments app "Yunar" from Frankfurt to Berlin.

By moving to Germany’s capital the business aims to attract innovative talent by being based in the heart of the country’s digital hub, the bank said in a statement.

Yunar, which will be led by Caren Genthner-Kappesz and Reiner Kraft, is part of the lender’s digital venture unit. Yunar is a digital service provider for loyalty and loyalty programs in Germany.

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