Raisin has introduced its savings platform in Italy, allowing local consumers to view and manage a range of savings products from different banks through a single interface.
The fintech company announced the move in a LinkedIn post.
“For our depository banks, this means accessing a huge new market where the demand for simple, transparent savings options is growing. Our platform now gives banks a direct way to reach Italian retail customers and offer their products in a trusted environment.”
The platform is designed to simplify the process of comparing and choosing accounts.
The company is starting with fixed-term products from European partners in Italy, with plans to introduce overnight options later.
All deposits will be protected by local EU-coordinated guarantee schemes, covering up to 100,000 (116,087.5) per depositor in each bank.
The company’s move into Italy extends its reach across Europe.
Raisin also offers its services in Germany, France, Austria, Spain, UK, Netherlands, Ireland, Poland, USA and Finland.
Raisin Italy Country Head Marco Falla commented: “We are happy to announce the launch of another Raisin platform. The expansion to Italy will give customers a better way to save – simply access one account to several EU banks. At the same time, banks can easily source stable funding from retail customers. A win-win for consumers, banks and the financial markets connected to Europe.”
According to his LinkedIn profile, Falla joined a fintech company based out of Germany in 2019.
In July 2021, he went to Italy.
“Savings platform Raisin enters the Italian market” was originally developed and published by Retail Banker International, a brand owned by Global Data.
The information on this site is included in good faith for general information purposes only. It does not amount to advice on which you should rely, and we make no representations, warranties or guarantees, either express or implied, as to its accuracy or completeness. You should obtain professional or expert advice before taking, or refraining from, any action based on the content on our site.
