Raisin, the fintech behind the well-known interest rate portals WeltSparen and Zinspilot, is creating the basis for a new partnership between Aareal Bank and Deutsche Bank with its specially developed Open Banking infrastructure. As part of the existing partnership between Raisin and Deutsche Bank, Aareal Bank is making fixed-term deposit offers available to consumers via Deutsche Bank ZinsMarkt. ZinsMarkt is Deutsche Bank’s savings platform provided by Raisin and available to its more than 19 million private customers in Germany.
Partnership with growth opportunities for all sides
The new cooperation holds advantages for all partners involved. without having to build up their own retail business, which is associated with high costs and effort. Deutsche Bank’s interest rate market clients benefit from Aareal Bank’s competitive fixed-term deposit offers and thus have even more options to cushion the loss in value of their savings in times of high inflation. Raisin, on the other hand, reaches an even larger client base through the cooperation and expands its own infrastructure of interest rate platforms. Aareal Bank, which has total assets of € 49 billion, gains efficient access to refinancing sources from the private client segment through the cooperation.
Open Banking – far more than a trend
Connections between banks, end consumers and third-party providers through Open Banking are becoming more and more prevalent in Europe – Raisin is decisively driving this development as a pioneer. Via Deutsche Bank Zinsmarkt, Deutsche Bank clients can conclude Aareal Bank offers fully digitally and with just a few clicks. In addition, the fixed-term deposits are also distributed via Deutsche Bank branches. With ZinsMarkt, Raisin and Deutsche Bank have already been successfully active on the German market since 2017.
Raisin, on the other hand, reaches an even larger client base through the cooperation and expands its own infrastructure of interest rate platforms. Aareal Bank, which has total assets of € 49 billion, gains efficient access to refinancing sources from the private client segment through the cooperation.
Frank Finger, Head of Treasury, Aareal Bank AG
Frank Finger, Head of Treasury at Aareal Bank AG, explains: “We have many years of experience in using new technologies to support our business activities and can further diversify our funding sources through the new partnership. In doing so, we can draw on a proven and successful platform and the large customer base of Deutsche Bank, to which we offer our attractive fixed deposit products.”
Max von Bismarck, Chief Business Officer, Raisin
Max von Bismarck, Chief Business Officer of Raisin, adds: “We are delighted about the partnership and the expanded offering in ZinsMarkt. With our lean and efficient platform technology, we enable banks to offer deposit products and attract private clients without having to set up a corresponding infrastructure themselves – this offers advantages for the bank and for savers. Both Aareal Bank and Deutsche Bank benefit from Raisin’s established platform in this cooperation.”
Raisin is a pioneer of Open Banking for savings and investment products. The FinTech company provides an open banking infrastructure for the $50+ trillion global deposit market, benefiting banks and savers alike. Savers get a wider choice of attractive products with the ability to move their money freely, while financial service providers get best-in-class marketplace solutions for their own customers, and banks get better access to deposit funding. Raisin operates its own B2C marketplaces – in Europe under the brands Raisin, WeltSparen, Savedo and ZINSPILOT and in the USA under the SaveBetter brand. In Germany, in addition to savings products the company offers ETF-based investment and retirement products as well as Private Equity investments. Raisin works with over 400 banks and financial service providers from more than 30 countries and has over 750,000 direct customers. Raisin is backed by renowned international investors such as btov Ventures, Deutsche Bank, FinLab, Goldman Sachs, Greycroft, Headline/e.ventures, Index Ventures, Kinnevik, Orange Ventures, PayPal Ventures, Thrive Capital, Top Tier Capital Partners, Ribbit Capital and Vitruvian Partners, as well as Peter Thiel. The company has offices in Berlin, Frankfurt, Hamburg, London, Madrid, Milan, Manchester, New York and Paris.
About Aareal Bank Group
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia/Pacific. Aareal Bank Group’s business strategy focuses on sustainable business success, with environmental, social and governance aspects as an integral part of this strategy. Aareal Bank AG, whose shares are included in Deutsche Börse’s SDAX index, is the Group’s parent entity. It manages the various entities organised in the Group’s business segments: Structured Property Financing, Banking & Digital Solutions, and Aareon. The Structured Property Financing segment encompasses all of Aareal Bank Group’s property financing and funding activities. Here, the Bank supports its clients in making large-volume commercial property investments. The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and energy industries as a digitalisation partner – combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking. Its subsidiary Aareon, the leading supplier of ERP software and digital solutions for the European property sector and its partners, represents the third business segment. Aareon is digitalising the property industry by offering user-oriented software solutions that simplify and automate processes, support sustainable and energy-efficient operations, and interconnect all process participants.
David Wall & Paul Wolter
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