Fintech Raisin and Credit Europe Bank are launching a new partnership in the area of savings products, according to a report. Credit Europe Bank customers in Germany will be able to access fixed-term deposits at banks in the European Union via Raisin’s Weltsparen investment platform.
Available overnight and fixed-term deposit offers from Weltsparen will be listed directly in Credit Europe Bank’s online banking and mobile app. Once users have selected a savings product, they are redirected to the Weltsparen platform and can finalise the product completely digitally. Thanks to hybrid integration, the customer’s data can be transferred directly if desired.
Benedikt Voller, VP B2B Partnerships & Business Customers at Raisin, explains:
“Negative interest rates and high inflation are making it increasingly difficult for people to save. This makes it all the more important to create alternatives through partnerships such as the one between Credit Europe and Raisin that help consumers to secure their assets and provide for their old age. The partnership is a successful example of the added value that banks and fintechs can create together.”