Munich/London, March 3, 2020. Raiffeisen Banking Group, Austria’s largest banking group with 2.8 million customers, and Scalable Capital have formed a partnership. Scalable Capital has developed the technical infrastructure for Raiffeisen's new digital wealth management solution called "WILL" as part of a B2B white label solution. With this partnership, Scalable Capital continues its series of cooperations with international market leaders.
"With the Raiffeisen Banking Group Austria we add another well-known provider to our international cooperation partners," said Erik Podzuweit, co-founder and co-CEO of Scalable Capital. "The cooperation underlines our position as Europe's leading provider of white-label solutions for digital wealth management. We want to continue to expand our B2B business in the future."
Through the technical infrastructure developed by Scalable Capital, WILL is both directly integrated into Raiffeisen Banking Group Austria’s online banking system and available locally at the regional Raiffeisen Banking Group Austria banks for existing and new customers. The portfolios include low-cost ETFs and funds from Raiffeisen Capital Management, KEPLER-Fonds and BlackRock. "Thanks to our modular technology we were able to integrate WILL seamlessly into the special regional structure of the Raiffeisen Banking Group Austria. Account and portfolio are managed locally by Raiffeisen Banking Group Austria," said Florian Prucker, co-founder and co-CEO of Scalable Capital. "Customer experience is our top priority. With WILL, customers of the Raiffeisen Banking Group Austria have access to simple and sustainable investments for wealth accumulation."
"WILL" is already available at all Raiffeisen Banking Group Austria banks in Upper Austria, Lower Austria and Vienna and will soon be offered nationwide.
The Raiffeisen Banking Group Austria is the largest banking group in Austria and operates the country's densest branch network with 24,700 employees at 1,976 branches. Alongside Raiffeisen Banking Group Austria, the digital wealth management solutions of Targobank and Openbank are delivered using the technology platform of Scalable Capital. Targobank is one of Germany's leading retail banks with more than four million customers, while Openbank is the digital bank of Spain's Santander Group, Europe's second-largest bank by customer numbers. Scalable Capital also operates the digital wealth management platform for ING Germany, Siemens Private Finance and Oskar, the digital asset manager for families, amongst others.