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.

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