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Subaio signs fourth bank to subscription management service

Source: Subaio

The subscription management service from Subaio is now also available for the more than 300.000 customers at Arbejdernes Landsbank.

This is Subaio’s fourth launch with a bank.

Get an overview of your recurring payments, cancel subscriptions and get notified about any changes. These subscription management features are now also available at Denmark’s sixth largest bank, ​Arbejdernes Landsbank​. "We’re very proud to partner up with Arbejdernes Landsbank, and deliver our service to it’s more than 300.000 customers," says Subaio’s CEO, Thomas Laursen about the partnership.

One of the bank’s customers, who has already benefited from the new service, is Soren Hansen from Vangede in Denmark. When he saw the service within his online bank he immediately got a benefit from it.

"I discovered that I had been paying 42 euro a year to the Oresund Bridge. It might be 10 years ago since I crossed that bridge the last time, so it’s probably not a subscription that I need anymore,” he says. The last 10 years Arbejdernes Landsbank has grown with more than 100.000 customers. Besides that the bank has been awarded the most preferred bank by the Danish customers the last 11 years by the research institute ​Voxmeter​.

"Arbejdernes Landsbank is a very customer centric bank, which the collaboration with Subaio also shows. This is an ideal partner for us," says Thomas Laursen.

Fourth bank launch Subaio is now live with four different bank partnerships.

Besides Arbejdernes Landsbank the subscription management service has already proven its worth with thousands of live customers with the biggest bank in the Nordics ​Nordea​, ​Spar Nord​ in Denmark and ​Bulder Bank​ in Norway. Subaio was thus the first subscription management service to go live in multiple countries with different bank’s.

"We see more and more customers looking to their bank for a subscription management service. This is of course heavily connected with the rise of the subscription economy, subscription traps and the customers missing an overview of their recurring payments," says Thomas Laursen.

Subaio’s growth is just going to continue in 2020. Several more banks are already in production both in- and outside of the Nordics.

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