norisbank, part of Deutsche Bank Group, has launched a deposit marketplace offering “selected third-party banks” savings options via Deposit Solutions. The Fintech states that after a successful launch of “norisbank ZinsMarkt,” the new service will be expanded into an online marketplace with fixed-term deposit products from numerous European banks.
Marco Lindgens, Member of the management board at norisbank, said that with the introduction of norisbank ZinsMarkt, they are expanding the range of investment products for customers with attractive fixed-term deposits from various partner banks.
“We are thus taking the next logical step in expanding our range of products and services. It is part of our strategy to always offer our customers products at very good conditions, regardless of whether we ourselves are the originator.”
Dr. Tim Sievers, CEO and founder of Deposit Solutions, stated:
“Direct banks have a customer base that traditionally has an affinity for online banking. For those banks, setting up their own deposit marketplace is an excellent instrument to retain customers in an increasingly competitive environment. Savings deposits are an important product category for customers. With the infrastructure we provide, norisbank can now offer easy access to a selection of attractive interest rate offers from other banks.”
Along with norisbank, Deutsche Bank, Hamburger Sparkasse, Merck Finck Privatbankiers, M.M.Warburg, and numerous cooperative banks and other partners use the Deposit Solutions platform that benefits from open banking. In total, Deposit Solutions reports having connected over 150 banks and 20 countries to its platform.