Raisin Bank cooperates with Upvest

Raisin Bank is expanding its offering to include trading and asset management by partnering with Upvest for technical support. The partnership gives customers access to new investment opportunities.

Berlin/Frankfurt - Raisin Bank is expanding its business and cooperating with Upvest, a Berlin-based fintech company, to offer trading, custody and asset management services. Upvest will provide Raisin Bank with its investment API infrastructure, covering the technical functions for brokerage, settlement and custody.

Together with Upvest, we will be able to further expand our business and attract new partners in banking and custody as a service.

Mirko Siepmann, Member of the Board of Raisin Bank

The integration of Upvest's API solution into Raisin Bank's existing core banking system will enable the bank to offer different licensing and functional models for both fintechs and banks. As a first step, Raisin Bank plans to migrate Raisin Invest ETF Robo, which accounts for a majority of its over €1.5 billion investment business, to Upvest's API infrastructure.

The partnership between Raisin Bank and Upvest opens up opportunities for the development of new business lines, including custody and digital asset management. This is expected to complement the existing range of accounts and payment services.

With Raisin Bank, we have gained the trust of another established fintech and licensed bank.

Til Rochow, CPO and co-founder of Upvest

Upvest's infrastructure is designed as a plug-and-play solution and integrated with Raisin Bank's core banking system to ensure secure and seamless processes for the new securities services offering. Raisin Bank customers will benefit from Upvest's investment infrastructure by being able to customize selected products and easily switch between different instruments.

Kim Felix Fomm, CIO and VP Wealth Management at Raisin Bank, highlights that the partnership was formed because of Upvest's product quality and technology solutions. The automation of middle and back office processes will enable Raisin Bank to ensure fast investment processes and high quality execution.

This partnership marks a step to expand Raisin Bank's offering and provide its clients with a broader range of investment opportunities, while relying on proven technical solutions from Upvest.