A year after the start Bitpanda first enabled trading for Raiffeisenlandesbank NÖ-Wien, they are pleased to announce that their partnership will now be rolled out “across the North and East of Austria to an additional 55 Raiffeisen banks in Lower Austria and Burgenland.”
The core promise since the launch of Bitpanda Technology Solutions has “been to unlock digital assets trading simply and safely for their partners.” After proving they can deliver on that promise through the partnership with Raiffeisenlandesbank NÖ-Wien, Raiffeisen is expanding their partnership and “unlocking trading opportunities for even more investors in Austria.”
RLB NÖ-Wien broke new ground for traditional banks “when it launched cryptocurrencies and other asset classes in its digital investment offering.”
The launch was made possible thanks to Bitpanda’s API-driven and fully secure ISO 271001-certified infrastructure, which “allowed Raiffeisen to fully integrate their own iconic branding into the final trading platform.”
Taking such a bold step in its innovation journey required a close partnership with Bitpanda, and that trust has “since been justified.”
The latest expansion is a testament to “the close relationship of two of the region’s largest financial institutions.”
The expectation of consumer has “been increasing rapidly in line with innovations in the technology space.”
Banks and financial institutions no longer “have a choice if they want to remain competitive – they have to find their own solutions to cater to the demand for digital assets.”
By committing to collaboration with Bitpanda and the possible implementation of stocks and ETFs, crypto, commodities and precious metals “as part of its offering — all from as little as just €1 — institutions can take a bold stance on their commitment to helping customers to reach their financial ambitions.”
By capitalizing from Bitpanda’s 9 years of hard-won trading experience, fintechs, traditional banks, and online platforms can “provide a swift and easy route to meet the rising demand for modern investing solutions.”
The alternative? Starting from scratch and going alone “often leads to high costs and huge gaps in time. Coupled with how fast the industry moves, these products will likely be outdated before launch.”
Instead, by partnering with Bitpanda, financial institutions “like RLB NÖ-Wien are able to hand-pick from our extensive range of asset classes and bring them to their audience fast, all complete with the look and feel of their brand.”
So far via Bitpanda Technology Services, N26, Mambu, Germany’s largest federal bank LBBW, and more have all “introduced a dependable investment platform that meets the highest regulatory standards to their customers.”
