The robo-advisor startup Scalable Capital has a new cooperation partner in the Raiffeisen Banking Group. The Munich-based company operates a wealth management platform for Austrian cooperative banks as a white-label solution.
Scalable Capital and Raiffeisen, Austria's largest banking group with 2.8 million customers, have entered into a partnership. Raiffeisen's "Will" asset management service is a white-label solution from the Munich-based fintech. Scalable maintains similar partnerships with Targobank and Openbank. Scalable Capital also operates asset management platforms for the direct bank ING, Siemens Private Finance, and the digital asset management company Oskar.
"This cooperation underlines our position as Europe's leading provider of white label solutions for digital asset management. We intend to continue expanding our B2B business in the future,"
says Erik Podzuweit, Co-founder and Managing Director of Scalable Capital.
Raiffeisen Banking Group manages accounts and securities accounts
The platform, developed and operated by Scalable Capital, is integrated into Raiffeisen's online banking and is also available in local branches. Portfolios include ETFs and funds from Raiffeisen Capital Management, Kepler Funds, and Blackrock.
"Thanks to our modular technology, we were able to seamlessly integrate 'Will' into the unique regional structure of the Raiffeisen Banking Group Austria. Accounts and securities accounts are managed locally by the Raiffeisenbank,"
says Florian Prucker, Co-founder and Managing Director of Scalable Capital.
"Customer friendliness is our top priority. With 'Will,' Raiffeisen customers have access to a simple and cost-effective securities investment for wealth creation."
