Raisin has introduced its savings platform in Italy, allowing local consumers to view and manage a range of savings products from different banks through a single interface.
The fintech firm announced the move in a LinkedIn post.
“For our deposit-taking banks, this means access to a major new market where demand for simple, transparent savings options continues to grow. Our platform now gives banks a straightforward way to reach Italian retail customers and offer their products in a trusted environment,” it noted.
The platform is designed to simplify the process of comparing and selecting accounts.
The company is launching in Italy with fixed-term products from European partners, with plans to introduce overnight options later.
All deposits will be secured by local EU-harmonised guarantee schemes, covering up to €100,000 (116,087.5) per depositor, per bank.
The company’s move into Italy extends its reach across Europe.
Raisin also offers its services in Germany, France, Austria, Spain, the UK, Netherlands, Ireland, Poland, the US, and Finland.
Raisin Italy country head Marco Falà commented: “We are happy to announce another platform launch of Raisin. Expanding to Italy will give customers a better way to save – simply one account to access multiple EU banks. At the same time, banks can easily source stable funding from retail customers. A win-win-win for consumers, banks, and a connected European financial market.”
According to his LinkedIn profile, Fala joined the fintech firm in 2019, based out of Germany.
In July 2021, he moved to Italy.
“Savings platform Raisin enters Italian market ” was originally created and published by Retail Banker International, a GlobalData owned brand.
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