Deposit Solutions is an open banking platform bringing together consumer banks, product banks, and savers together across Europe.
Details about Deposit Solutions
In order to generate the best possible results for companies and consumers alike in an open-access world of finance, active ties are needed between various parts of the sector – and Deposit Soluitons has got the answer. Their open banking platform is a central application which kills three birds with one stone, allowing consumer banks to offer their existing account holders the best investment opportunities Europe-wide.
This allows them to strengthen customer loyalty by ensuring that they have no need to open extra accounts with other banks to benefit from a full range of investment products. That’s birds one and two; number three is that the platform allows banks specialising in specific products and in search of deposits they cannot access without their own retail structure to find investors. Set up back in 2011, Deposit Solutions has already brokered investments of over three billion Euros and reached 20 million end customers. For a company less than ten years old, those are quite some figures – figures which are set to keep growing in the coming years.