Raisin to deploy its deposit products through Yolt

Raisin has deployed its deposit products through the money management app Yolt through a new partnership.

Yolt customers will now be able to apply for a Raisin account to access a variety of deposit products, pick from competitive Raisin offers and check their deposits directly through their app. The integration aims to better help users make informed financial decisions.

Within the Yolt marketplace, consumers can switch their household bills, shop for insurance, make investments, combine pensions, and can now improve savings.

Germany-based Raisin offers consumers and SMEs access to a marketplace of more than 500 deposit products from across Europe, as well as diversified exchange-traded fund (ETF) portfolios and pension products.

Raisin CEO and co-founder Dr. Tamaz Georgadze said, “In Europe’s current negative interest environment, Raisin’s B2B solution gives banks a means of moving excess liquidity without losing their customers. Meanwhile partnerships with innovative platforms like Yolt, which allow financial services providers to extend their range of offers, expand the reach of our partner banks as well as choice for savers yet further.”

The FinTech has made a number of partnerships this year. Last month, Raisin provided its fixed-term deposit solutions to digital wealth management platform Scalable Capital.

Other recent partnerships include deals with cross-border banking service Monese and insurance company Basler Versicherungen.

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