Raisin joins the Temenos MarketPlace

Addition of deposit platform broadens MarketPlace scope to include banking services as well as complementary applications.

Temenos (SIX: TEMN), the banking software company, announces today that Raisin, Europe’s largest deposits marketplace, has joined MarketPlace.
 
The Berlin-based fintech Raisin offers European savers higher interest rates on their deposits, which are fully protected under the national deposit guarantee schemes. Savers in 31 countries can set up an online account with Raisin, choose between competing offers from Raisin’s more than 60 partner banks, with varying interest rates and terms, and then Raisin seamlessly places those funds at the selected partner bank. Customers are thus able to take advantage of higher interest rates across the EU without leaving the comfort of home.
 
Temenos clients will now be able to access these advantages from one or both sides of the Raisin platform. Those looking for new sources of funding can become partners, offering Raisin customers deposit products. Likewise, if they wish to provide higher interest rates on savings products to their existing customers, they can offer select Raisin products  on their own platforms or otherwise directly connect their customers to Raisin.
 
Michael Stephan, COO and co-founder of Raisin:
 
“We are delighted to be joining the Temenos MarketPlace. Temenos has a large base of retail and universal banking clients in Europe which we hope to attract to Raisin and which, in turn, would greatly increase the efficacy of the platform, helping more savers get a decent return on their money as well as supporting banks to access retail liquidity effortlessly across Europe.”
 
Chief Strategy Officer at Temenos Ben Robinson explained: 
 
“We are looking to build on the massive growth in the Temenos MarketPlace in 2018 by opening it up to banking services providers in 2019. The first of these is Raisin, Europe’s largest deposits platform, but there will many others. In the same way as we have helped our customers to find and quickly deploy the best fintech applications, they would like us to do the same for banking services. Now pre-integrated with Temenos, our customers can immediately start placing or receiving deposits with Raisin.”
 

About Raisin 

Raisin launched its first marketplace for savings products in 2013 in Germany. In just five years, more than 160,000 customers have invested over EUR 10 billion with Raisin’s 62 partner banks, earning EUR 80 million in interest so far. With Raisin.com available in English across Europe, the company also has localized platforms for Germany and Austria under the WeltSparen brand, as well as in France, Spain, the UK and the Netherlands. Raisin is one of the most distinguished and best capitalized fintechs in Europe, with over EUR 70 million raised from investors such as PayPal, Index Ventures, Ribbit Capital and Thrive Capital.

 

About Temenos

Temenos AG (SIX: TEMN), headquartered in Geneva, is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: over a seven-year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost/income ratio than banks running legacy applications. For more information please visit www.temenos.com.

 

Raisin Media Contacts

Nicole Scheplitz & Maggie Bell
Tel: +49 30 36 74 119 38
Email: press@raisin.com

 

Temenos Media Contacts

Jessica Wolfe
Temenos Global Public Relations Manager
Tel: +1 610 232 2793
Email : jessica.wolfe@temenos.com

Alistair Kellie & Andrew Adie
Newgate Communications on behalf of Temenos
Tel: +44 20 7680 6550
Email: allnewgatetemenos@newgatecomms.com

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