Yolt launches competitive deposit products in partnership with Raisin

Yolt launches competitive deposit products in partnership with Raisin
08.10.2019 09:53 am

Yolt launches competitive deposit products in partnership with Raisin

Open Banking

Yolt users in the UK, France and Italy can apply for a Raisin account accessing a wide range of deposit products, select from competitive Raisin offers and see their deposits, directly within the app. The integration builds on Yolt’s mission to enable users to make informed financial decisions. Within the Yolt marketplace, users can currently switch their household bills, shop for insurance, make investments, combine their pensions and now, grow their savings via Raisin.

Yolt’s Chief Marketing Officer Cristel Lee Leed said: “Our latest partnership with Raisin will benefit our Yolt community of users, giving them access to savings products with competitive interest rates – empowering them to do more with their finances.

The integration builds on Raisin’s strength in B2B partnerships, making its products and services available through a wider range of like-minded financial institutions, including fintechs and banks. Embedding Raisin‘s offers into their own platforms allows partners like Yolt to expand the spectrum of their savings products — choosing a selection of Raisin’s more than 500 deposit offers from 82 partner banks across Europe. Building on an open banking vision, Raisin deploys a range of technical solutions, from fully integrated “white label” products using Raisin’s proprietary API to a variety of lead-outs, connecting a bank or money app’s customers smoothly to the Raisin platform.

Raisin strongly aligns with Yolt‘s vision of helping people optimize their financial management, with both fintechs dedicated to removing complex barriers consumers may face when it comes to better saving.

Dr. Tamaz Georgadze, Raisin CEO and co-founder explained: “In Europe’s current negative interest environment, Raisin’s B2B solution gives banks a means of moving excess liquidity without losing their customers. Meanwhile partnerships with innovative platforms like Yolt, which allow financial services providers to extend their range of offers, expand the reach of our partner banks as well as choice for savers yet further.

Related News

Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution

Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs... Read more »

National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19

Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get... Read more »

Billingo to digitalize the billing services with Salt Edge data aggregation

Billingo, the second-largest online invoicer in Hungary joined hands with Salt Edge, a leader in developing open banking solutions, to become the very first online biller in... Read more »

Open Banking growth spurs BIAN’s global memberships

Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), today officially welcomes a... Read more »

iDelta launches Open Banking Insights app to help high street banks strike back against online challenger brands

In response to new regulations on ‘Open Banking’, Edinburgh-based iDelta has launched an app to help bricks-and-mortar banks combat the rapid rise of online challengers such as... Read more »

Elavon and Nuapay collaborate to provide open banking in Europe

Elavon, a global payments leader, has announced a collaboration with Nuapay, the London-based subsidiary of payments pioneer Sentenial, to provide selected open banking... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel