Scalable is available for ING’s Germanic quest

Scalable is available for ING’s Germanic quest

ING will start a partnership with online wealth manager Scalable Capital as the bank plans a digital investment solution for its retail customers in Germany.

Customers of ING in Germany will be able to register in less than 15 minutes through a paperless process. With a minimum investment of €10,000 they can monitor their portfolios and all account details, such as performance and fees, on both Scalable and ING mobile apps and online portals in the country.

Nick Jue, CEO of ING in Germany, says Scalable’s robo-advice solutions offer its customers a “highly attractive and comfortable way of investing” and this move is in line with its strategy for “advanced digitisation”.

ING’s global head of fintech, Benoit Legrand, adds that it has 100 fintech partnerships and after a “successful launch, we will look into expanding the offering”. No details were offered.

What a difference a day makes

Elsewhere, ING has been involved in various other deals.

Last month, it said it will use decision management software and predictive models from analytic software firm FICO to launch its unsecured lending programme in the Czech Republic.

With an intended jolt and volt of energy, Yolt, a new money platform backed by ING, recently launched its open beta for iOS and Android in the UK.

While at the end of May, ABN Amro, ING, Rabobank and Geldservice Nederland (GSN) all teamed up to explore a potential initiative to ensure the availability of ATMs in the Netherlands.