Banking service platform Monese announced on Tuesday it has formed a new partnership with pan-European partnership with the cross-border deposits marketplace Raisin to launch a new service called Monese Savings. Monese reported that through the partnership, personal account customers in the UK, Germany, Austria, France, the Netherlands, and Spain will gain access to the Raisin platform, directly through the Monese Hub. The duo also described the new service:
“Designed to help customers save for a planned trip abroad, the next stage of life, or simply into a rainy day fund, Monese Savings will facilitate automated, recurring payments to the customer’s Raisin savings account — aiming to create greater transparency and profitability on savings, and thus to place customers’ goals within their own reach.”
While sharing more details about the partnership and service, Norris Koppel, CEO and founder of Monese, stated:
“We are delighted to be launching this partnership with Raisin, as we further develop our savings products and features. We serve a fast-growing and incredibly international audience who travel the world for study, work, family, or retirement. The majority of these customers use Monese as a primary account and we know they want their money and their savings to work harder, so they can thrive anywhere. Through this partnership with Raisin customers will have fantastic access to competitive savings rates.”
Raisin CEO and Co-Founder Tamaz Georgadze added:
“Monese customers appreciate banking across borders. To provide users of Monese banking services an opportunity to earn more on their savings, we’re launching better saving options from all over Europe on a pan-European scale, in six markets simultaneously. With our collaboration we’re setting a new standard in finance, addressing what consumers actually need in a changing world.”
