16 December 2017
visit www.avoka.com

ING moves into digital wealth management with Scalable Capital

14 September 2017  |  8981 views  |  0 ING Bank logo

ING in Germany is to roll out a digital wealth manegement service in a pilot project with robo-advisory startup Scalable Capital.

Customers of ING in Germany will be able to register for the online-only service in less than 15 minutes. With a minimum investment of EUR 10,000 they can monitor their portfolios and all account details, such as performance and fees, on both Scalable Capital and ING mobile apps and online portals in Germany.

ING's global head of fintech, Benoit Legrand comments: "As with all 100 fintech partnerships we currently have, we aim to ensure that the solution empowers our customers to stay a step ahead in managing their finances."

If the pilot proves successful, the bank will look to introduce it across other European markets he says.

News of the deal comes just two months after Scalable Capital signed off on a €30m funding round, led by BlackRock alongside existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. Since its launch 18 months ago, Scalable Capital has gathered over €250m (£217m) of assets from more than 6,000 retail clients.

The agreement with ING - the product of a 12-month infrastructure integration build - opens access to more than eight million potential customers in Germany alone.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ING-backed money management app launches in the UK

ING-backed money management app launches in the UK

01 June 2017  |  7412 views  |  0 comments | 11 tweets | 11 linkedin
ING Robot goes on tour to teach kids about money

ING Robot goes on tour to teach kids about money

24 May 2017  |  7647 views  |  0 comments | 11 tweets | 17 linkedin
Dutch banks back all-in-one mobile payments tech from ING

Dutch banks back all-in-one mobile payments tech from ING

20 April 2017  |  11853 views  |  0 comments | 20 tweets | 24 linkedin
ING sets up transformation 'war room'

ING sets up transformation 'war room'

16 February 2017  |  7371 views  |  0 comments | 14 tweets | 22 linkedin
ING to spend EUR800 million on digital integration; shed 7000 jobs

ING to spend EUR800 million on digital integration; shed 7000 jobs

03 October 2016  |  14255 views  |  0 comments | 28 tweets | 27 linkedin
ING launches pocket-sized personal financial advisor

ING launches pocket-sized personal financial advisor

01 August 2016  |  9609 views  |  0 comments | 19 tweets | 29 linkedin
ING takes startup path as top banks reap innovation rewards

ING takes startup path as top banks reap innovation rewards

10 May 2016  |  22942 views  |  0 comments | 51 tweets | 49 linkedin
Scalable Capital scoops £5.6 million in funding ahead of UK launch

Scalable Capital scoops £5.6 million in funding ahead of UK launch

06 April 2016  |  6713 views  |  0 comments | 3 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.ebaday.comvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10341 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9774 views comments | 17 tweets | 36 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7040 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6434 views 0 | 4 tweets | 2 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
6095 views comments | 5 tweets | 26 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job