Deutsche Bank has opened an Innovation Lab in New York, joining similar facilities in Silicon Valley, Berlin and London.

The lab, in Lower Manhattan’s Fulton Center will enable the bank to access a leading innovation ecosystem in one of the world’s largest financial hubs. It will explore new technologies focused on areas including artificial intelligence, cloud technology and cyber security.

The Deutsche Bank Labs have three principal goals: to help the bank evaluate and adopt emerging technologies; to develop a culture of innovation; and to contribute to the banks digital strategy. Staff working in the labs evaluate technology solutions from the four innovation ecosystems and apply the best of these to address business challenges and opportunities within the bank.

“We want to make Deutsche Bank the first stop for start-ups,” said Deutsche Bank head of innovation, Elly Hardwick. “Through our global network of innovation labs, we are combining fresh ideas from fintechs with the scale and infrastructure of a global bank.”