Three more banks are set to join deposit marketplace Raisin.ie as it announces its entry into Ireland.
Since its launch in 2013, Raisin deposit platforms have surpassed €16bn in total brokered volumes, in addition to delivering over €115m in interest.
The new savings platform for Irish savers is the first launched as a collaboration between Raisin Bank and fintech Raisin.
"As you can imagine, we are very excited about opening up the Irish market to new offers from partner banks from across Europe,” said Alejandro McCormack, business development manager for the Irish market at Raisin (pictured above).
“There are currently 26 products available on Raisin.ie [and] given the number of banks that are interested in the market, we see this number doubling in the following months with at least three more banks slated to join the platform in the short term.
“By increasing transparency and choice for Irish savers, Raisin.ie provides the opportunity for them to increase the return on their deposits, while also introducing these banks to a market that is hungry for more options when it comes to their savings."
Dr Frank Freund, chairman of the supervisory board at Raisin Bank and co-founder of Raisin, added: “Raisin Bank is enlarging its focus on fintech and digital banking, areas driving the customer-centric direction of retail banking today.
“With the Raisin.ie marketplace, Raisin Bank is enabling Irish customers to significantly increase their profits on deposits by connecting them in a simple, transparent way to competitive offers on the continent.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Hodge joins Advise Wise Mortgage Club lender panel
Hodge has announced that it has been added to Advise Wise Mortgage Club’s lender panel...
Shawbrook provides £500,000 second charge loan to protect property’s value
Shawbrook Bank has provided a £500,000 second charge loan to save a client’s property value...
Redwood Bank launches new business savings bond
Redwood Bank has launched a new one year business savings bond with a rate of 1.62%...
OakNorth Bank completes seven-figure debt finance deal
OakNorth Bank has provided independent advisory firm Dow Schofield Watts with a seven-figure debt finance facility to make a strategic investment in Camlee Group...
Starling Bank raises £60m and gives shares to employees
Starling Bank has revealed that it has raised £60m from its existing investors Merian Global Investors and JTC...
Cash costs time for SMEs — how can banks help?
Cash is still king for businesses up and down the country; businesses that must essentially be flexible to consumer preferences...
SB to host filmed roundtable on how specialist banks aim to utilise technology in 2020 and beyond
Next week, Specialist Banking will host its sixth filmed roundtable event in association with Watson Farley & Williams...
Aldermore names Tim Boag as group managing director
Aldermore has named Tim Boag (pictured above) as its new group managing director of business finance...
Aldermore’s outlook for SMEs in 2020
As we enter 2020, it’s worth reflecting on how the economic landscape in which UK small businesses currently operate in is changing...
Cynergy Bank opens first Scottish office
Cynergy Bank has opened its first Scottish office in Edinburgh...
Shawbrook Bank launches new business savings products
Shawbrook Bank has launched two new business savings products and enhanced a third to strengthen its portfolio...