Openbank, part of the Santander Group, has chosen Upvest as its new investment infrastructure provider.
By integrating Upvest’s Investment API, Openbank is strengthening its investment offer with a modern experience and deep localisation in the German market. This enables Openbank to offer a comprehensive, digital-first product range and a competitive user experience across all major asset classes to rival neo propositions.
The migration of Openbank’s investment products to Upvest marks a major vote of confidence in Upvest’s enterprise readiness and its ability to support some of Europe’s largest financial institutions. The partnership starts with fractional stocks and ETFs in Germany, providing end users with the ability to invest with as little as 1 Euro.
This strategic shift allows Openbank to benefit from cost-efficient investment infrastructure and pass those savings to their end users by offering low trading fees (only 0.20% of the transaction volume, starting from a minimum of 1 euro) and no custody fees.
The partnership underscores a growing trend among banks to move away from traditional providers and adopt API-first, modular investment infrastructures that support rapid innovation, cross-market scalability, and provide resiliency even during market instability.
"This partnership with Openbank proves that modern investment infrastructure can meet the rigorous requirements of large financial institutions, while still offering the flexibility and speed needed to scale across markets,” said Jonathan Brander, COO of Upvest. "As the backbone of some of Europe’s fastest-growing fintechs, we’ve demonstrated our ability to provide stable services through market volatility. Now, we’re enabling established players like Openbank to stay ahead in an increasingly competitive landscape."
As Europe’s largest 100% digital bank by deposits, Openbank serves over 2 million end users and operates under the umbrella of Santander, one of the world’s leading banking groups. By partnering with Upvest, Openbank gains access to an end-to-end investment infrastructure that covers everything from brokerage, settlement and custody to regulatory compliance, all via a single API.